In Which of the Following Contracts Is Consideration Not Required

question 16

Multiple Choice

In which of the following contracts is consideration not required?

• A)Emerald promises to pay Gold $10 000 next week if he will transfer his car to her today.
• B)Emerald enters into a deed which states that Gold will transfer ownership of his car to Emerald.
• C)Emerald gives Gold $1.00 for his car,and Gold immediately transfers it to her.
• D)Emerald promises Gold that she and her professional band will sing at his birthday in three months if he transfers his car to her next week.

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Definitions:

Effective

The state at which something is able to accomplish its intended purpose, produce the desired outcome, or is in force.

Received

pertains to the act of accepting or taking possession of something given, sent, or delivered to an individual or entity.

Reasonable Means

Methods or actions that are considered fair, sensible, and appropriate given the circumstances.

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.