Consideration Is Not Required In

question 23

Multiple Choice

Consideration is not required in:

• A) contracts for the sale of goods.
• B) employment contracts.
• C) agreements to modify employment contracts.
• D) agreements to modify contracts for the sale of goods.

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Definitions:

Working Papers

Documents that accountants, auditors, and other professionals create to evidence the work performed and the conclusions reached during an engagement.

Negligence Cases

Legal actions involving claims that a party's failure to exercise reasonable care resulted in harm to another party.

Evidence Use

The application of information or facts presented in a court to support or refute an argument or claim in a legal case.

Restatement Test

A process or set of guidelines used to reevaluate or reinterpret legal principles or statutory laws, often to clarify or update them.