A Promise to Do Something That You Are Already Obligated

question 70

Multiple Choice

A promise to do something that you are already obligated to do is ________.

• A) illusory consideration
• B) valid consideration only in the employment context
• C) past consideration
• D) a preexisting duty
• E) promissory estoppel

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Definitions:

Production Technology

The methods, equipment, and processes used to produce goods and services, encompassing both physical machinery and software systems.

Efficient Outcomes

Results or end-states that achieve the maximum benefit or utility with the minimal waste of resources.

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic area.

Unemployment

The condition of being without a job, while actively searching for employment.