There Are Certain Transactions That Are Enforceable Without Consideration

question 24

Multiple Choice

There are certain transactions that are enforceable without consideration. 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) All of these.

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Definitions:

Psychosocial Development

The process of changes in an individual's psychological and social functioning over the course of their life span.

Love Relationships

Emotional connections and bonds formed through affection, attraction, and commitment between individuals, often characterized by feelings of love and intimacy.

Political Party

An organized group of people with similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Identity Formation

The process of developing a distinct personality or self-concept, often occurring during adolescence.