Which Statement Best Expresses the Effect of the Decision of the Court

question 38

Multiple Choice

Which statement best expresses the effect of the decision of the court in NAV Canada v Greater Fredericton Airport Authority Inc?

• A) All variations of a contract must be supported by "fresh" consideration.
• B) A promise to pay more than set out in the contract is worthless and unenforceable without some corresponding concession.
• C) Provided that the party who agrees to a gratuitous variation did so voluntarily,it is enforceable.
• D) A pre-existing legal duty cannot be consideration for a new contractual promise.

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Definitions:

Quitclaim Deed

A deed conveying only the right, title, and interest of the grantor in the property described, as distinguished from a deed conveying the property itself.

Exclusive Right to Sell Contract

An agreement between a property owner and a real estate broker giving the broker the sole authority to sell the property on the owner's behalf.

Commission

A fee or percentage of a sale paid to an agent or employee for facilitating or completing a transaction.

Real Estate Broker

A licensed professional who acts as an intermediary between sellers and buyers of real estate, facilitating transactions for a commission.