With Regard Only to the Requirement of Consideration, Which One

question 166

Multiple Choice

With regard only to the requirement of consideration, which one of the following would be a binding contract?

• A) A promise by Tom to drive a co-worker to Timmins, Ontario
• B) A promise to give $10 in exchange for a promise to give a can of pop
• C) A promise by Mr. Brent to pay $25 to John, who found and returned Brent's wallet, which Brent didn't even know he had lost until John delivered it
• D) An agreement between a contractor and a homeowner that the owner would pay an additional $1000 if the contractor would complete the existing contract according to all its terms
• E) A written promise, but not under seal, to give John $50 on Saturday

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Definitions:

Infant Mortality

The death of children under the age of one year, measured by the infant mortality rate per thousand live births.

Developed Nations

Countries with advanced economic development, high standards of living, and well-established infrastructures.

Less Developed

Term often used to describe countries with lower levels of industrialization, technological advancement, and economic productivity compared to more developed nations.

Life Expectancy

The average age to which a person is expected to live based on demographic factors such as current age, gender, and health conditions.