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.

---

Definitions:

Obedient

The quality or condition of doing what one is told or expected to do, showing compliance with commands or directives from authority figures.

Legitimate Social Contract

An agreement deemed valid and acceptable by those involved, often referring to the consensus on societal rules and norms.

Interpersonal Concordance

The level of agreement or harmony in attitudes, values, or interests among individuals within a group.

Universal Ethical Principle

Fundamental moral guidelines that are believed to be universally applicable to all individuals regardless of culture, time, or situation.