Which of the Following Statements Is Not True of Consideration

question 70

Multiple Choice

Which of the following statements is not true of consideration for performance of a contract?

• A)Consideration can be an agreement to refrain from doing something.
• B)Consideration can be the undertaking of an onerous obligation.
• C)Consideration must move from the promisee but not necessarily to the promisor.
• D)Consideration must represent a fair or adequate price for the subject matter of the contract.

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Definitions:

Release

To allow or enable escape from confinement; in legal terms, it can involve the relinquishing of a right or claim.

Hang-gliding

An air sport where a pilot flies a light and non-motorized foot-launchable aircraft called a hang glider.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's job or role.

Waiver

The voluntary relinquishment or surrender of a right, claim, or privilege.