Which of the Following Agreements Is Not Supported by Consideration

question 14

Multiple Choice

Which of the following agreements is not supported by consideration?

• A) Barney's wife, Tina, tells him that she wants a divorce. In order to prevent her from winning a substantial award in the separation, he agrees with Fred, his business partner, to sell his part of the business to him for £1.
• B) Betty contracts with Albert to dig a swimming pool in her back yard for £12,000. After Albert has only excavated two feet, he discovers the ground is solid granite and the whole project will cost four times as much as planned. Albert proposes using the excavated site to build a fishpond for £2,000, which Betty agrees to.
• C) Jane is selling her car. Howard offers to pay £3,000 in cash to Jane and to make payment within a week, which Jane agrees to. However, Howard then receives an unexpected bill for roof repairs and so cannot afford to pay for the car immediately. He offers to pay £2,000 'take it or leave it', with payment by instalments over 3 months. Jane accepts.
• And says that he will only be able to pay in 2 months
• D) All of the above.

Utilize pointers with structures for direct data manipulation.

Understand the difference between structures and unions in C.

Understand the concept and legal framework of "distribution" as defined by the Revised Act.

Identify the principal sources for corporate financing.

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Definitions:

Monopoly

A market structure characterized by a single seller or producer supplying a unique product or service, with no close substitutes, giving them significant control over the market price.

Usury Law

Regulations governing the maximum interest rates that can be charged on loans, aimed at preventing lending practices deemed exploitative.

Market Rate

The prevailing price or interest rate at which goods, services, or securities are traded in a competitive marketplace.

Shortage

A situation where the demand for a product or service exceeds the supply available at a specified price.