Which of the Following Is Not an Example of Insufficient

question 48

Multiple Choice

Which of the following is not an example of insufficient consideration for performance of a contract?

• A)A vague promise to do something or refrain from doing something.
• B)A price paid before the making of a promise: that is past consideration.
• C)A sum of money that represents less than the reasonable market value of the goods or services.
• D)A promise to do something that the promisor is already legally obliged to do.

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Definitions:

Optimal Levels

The most favorable or desired measure of performance or results, ensuring the highest degree of efficiency, effectiveness, or well-being.

Mutual Goals

Objectives agreed upon by all parties involved, aiming for a common outcome or benefit.

Outcomes

The results or consequences of a particular process, action, or situation.

Chronic Nature

Characteristics of an illness or condition that persists over a long period of time, often with slow progression.