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:

Note Cards

Small cards used for recording and organizing information, often used in research and study.

Long-Term Retention

The ability to maintain and recall information over extended periods of time.

Margins

The edge or border of something, especially the blank border on each side of the print on a page.

Research And Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the invention of new products and procedures.