The Effect of the Making of a Partial Payment to Satisfy

question 5

Multiple Choice

The effect of the making of a partial payment to satisfy an admitted debt is an example of the rule that:

• A) past benefits cannot be consideration for a later promise.
• B) a conditional promise may be consideration.
• C) doing what one is already under a legal obligation to do is not consideration.
• D) consideration must be adequate to be binding.

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Definitions:

Fossil Fuels

Natural fuels such as coal, oil, and natural gas, formed from the ancient remains of organisms and typically used for energy.

Renewable Resource

Natural resources that can be replenished naturally with the passage of time, such as sunlight, wind, and biomass.

Migration Rates

The numerical measurement of the movement of people from one region or country to another, often quantified as the number of individuals per thousand or hundred thousand.

Birthrates

The number of live births per thousand of population per year.