Which Statement Most Accurately Describes the Requirement of Consideration

question 2

Multiple Choice

Which statement most accurately describes the requirement of consideration?

• A) As long as one party provides consideration,the promise will be binding.
• B) All promises are legally binding,whether or not consideration is provided.
• C) Consideration must be fair and adequate.
• D) Consideration may take the form of a promise in exchange for a promise.

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Definitions:

Attitudes

Mental and emotional entities that embody an individual's degree of like or dislike for an item, which influence their thoughts and behavior toward it.

Reliability

Is the degree to which procedures yield consistent results.

Generalizability

The extent to which findings from a particular study or research can be applied across different settings, populations, or contexts.

Validity

The degree to which a test, tool, or research accurately measures or assesses what it claims to measure.