Why Is There No Consideration When a Party Does What

question 82

Multiple Choice

Why is there no consideration when a party does what it is already legally obligated to do?

• A) Because there will not be adequate consideration.
• B) Because promising to do something you are obligated to do is an illusory promise.
• C) Because of the legal doctrine of promissory estoppel.
• D) Because there is no detriment.

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Business Product

A result of manufacturing or production processes, offered by businesses to meet consumer needs or market demand, ranging from tangible goods to services.