There Are Certain Transactions That Require Consideration in Order to Be

question 21

Multiple Choice

There are certain transactions that require consideration in order to be enforceable. These include:

• A) promises to pay a debt barred by the statute of limitations.
• B) a promise to pay a debt that has been discharged in bankruptcy if certain requirements are met.
• C) a new promise to perform a voidable obligation that has not previously been avoided.
• D) a unilateral contract.

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Definitions:

Preferential Conditioning

A process in learning where an organism develops a preference or aversion to a stimulus based on its associated consequences.

Conditioned Compensatory Responses

Refers to the physiological and behavioral changes that occur as a reaction to anticipatory cues for a primary unconditioned stimulus, often seen in drug tolerance and addiction studies.

Unconditioned Compensatory Responses

Innate responses or reactions that occur as a direct result of a stimulus, not requiring prior learning or conditioning.

Placebo Effect

The phenomenon in which patients experience a perceived improvement in condition solely due to the belief that they are receiving treatment.