Which of the Following Is Correct with Respect to Consideration

question 69

Multiple Choice

Which of the following is correct with respect to consideration?

• A) It must be specific.
• B) It must be reasonable.
• C) It is binding even though a duty to so act already exists.
• D) It is to compensate for an act that happened in the past.
• E) At least some money must be involved.

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Definitions:

Sixteen Years

This term does not specifically relate to a well-defined concept in economics or finance; it could be an age reference or duration but lacks context to be defined as a key term here.

Looking for Work

The activity of actively seeking employment by individuals who are unemployed or seeking better employment.

Employment Rate

The percentage of the labor force that is employed, often used as a measure of economic health and labor market strength.

Government Officials

Individuals who hold positions of authority in governmental organizations and are responsible for making and implementing policy decisions.