Which of the Following Statements Is Not True Concerning Consideration

question 75

Multiple Choice

Which of the following statements is not true concerning consideration?

• A)Consideration need not be adequate
• B)Consideration must be sufficient
• C)A promise may still be enforceable in the absence of consideration if the requirements of promissory estoppel are satisfied
• D)The price paid for a promise must be a fair price

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, a concept developed by B.F. Skinner.

Clinical Conditioning

Clinical conditioning involves the application of classical conditioning principles in therapeutic settings to modify behaviors.

Stimulus

Any internal or external event or situation that influences an individual's response or reaction.

Routine

A sequence of actions regularly followed; a fixed program.