Consideration for a Promise Will Be Sufficient to Establish a Binding

question 25

Multiple Choice

Consideration for a promise will be sufficient to establish a binding agreement where:

• A)The price paid by the promisee is a vague promise to do something or refrain from doing something.
• B)The price paid for the promise was paid before the promise was made.
• C)The price paid by the promisee was the fulfilment of a prior legal obligation, that is, the performance of something the promisee was already legally obliged to do.
• D)The price paid has some legal value even if it is not a fair or adequate price.

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Definitions:

Temperament

An individual's innate personality traits, including their tendencies towards emotional reactivity and intensity, observable from a young age.

Heredity and Environment

The interplay between genetic inheritance and environmental factors in influencing an individual's development and traits.

False Dichotomy

A logical fallacy consisting of a situation in which only two alternatives are considered, when in fact there are additional options.

Reasoning Fallacy

A flaw or error in reasoning that undermines the logical validity of an argument.