Which of the Following Statements Is TRUE

question 22

Multiple Choice

Which of the following statements is TRUE?

• A)The courts generally do not require adequate consideration because they believe that each person can look after their own interests by deciding how much to demand under a contract.
• B)Promissory estoppel can be used as a sword but not as a shield.
• C)Consideration is unnecessary as long as the word "seal" was printed on a form that a contractual party read.
• D)Because of the significance of the privity of contract doctrine, exceptions can only be created by the legislature, and not by the courts
• E)Consideration can never consist of a promise to perform a pre-existing obligation.

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Definitions:

Erikson

Erik Erikson was a developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, identifying eight stages that span from infancy to adulthood.

Trust Versus Mistrust

A stage in Erik Erikson's theory of developmental psychology where an infant learns to trust their caregivers or develops mistrust about the world.

Humanistic Theorists

Psychologists and researchers who emphasize individual potential and stress the importance of growth and self-actualization.

Personality

The characteristic set of behaviors, cognitions, and emotional patterns that evolve from biological and environmental factors.