Which of the Following Is Not a Type of Consideration

question 89

Multiple Choice

Which of the following is not a type of consideration?

• A) A benefit to the promisee.
• B) A detriment to the promisor.
• C) A promise to do something.
• D) A promise to refrain from doing something.
• E) A promise to think about refraining from doing something.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.

Pension Plans

Financial programs set up to provide income to individuals during retirement, usually funded by employers or the government.

Low-Dividend Policy

A strategy adopted by companies to retain more earnings by distributing lower dividends to shareholders, typically to reinvest in the company's growth.

Corporate Investors

Organizations that invest in other companies’ securities, often for strategic purposes beyond mere financial gain.