What Are Two Exceptions to the Rule Requiring Consideration

question 57

Multiple Choice

What are two exceptions to the rule requiring consideration?

• A) A bilateral contract and a unilateral contract.
• B) Promissory estoppel and an illusory contract.
• C) A contract under seal and promissory estoppel.
• D) A contract under seal and an illusory contract.
• E) A contract under seal and a contract involving a liquidated debt.

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Definitions:

Bandura

Albert Bandura, a psychologist renowned for his work on social learning theory, emphasizing the role of observational learning, imitation, and modeling in behavior.

Higher-order Conditioning

A form of learning where a stimulus is first made meaningful or potent through its association with a primary stimulus.

Emotional Responses

The physical and psychological reactions that are triggered by an emotional event or stimulus.

Negative Reinforcement

A method in operant conditioning where an adverse condition is removed or avoided following a desired behavior, thereby strengthening that behavior.