Which of the Following Requires Consideration in Order to Be

question 38

Multiple Choice

Which of the following requires consideration in order to be binding upon the parties?

• A) A written promise by a merchant to keep an offer to buy goods open for 14 days
• B) Material modification of a sale of goods contract under Article 2 of the UCC
• C) Material alteration of a personal service contract
• D) Settlement of a disputed debt

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Definitions:

Strength

The quality or state of being physically strong, as well as a person's mental or emotional ability to deal with difficult situations.

Direction

Guidance or instructions on how to proceed; or, the course along which something moves.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, showing the strength and direction of their relationship.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.