Which of the Following Statements Is TRUE

question 34

Multiple Choice

Which of the following statements is TRUE?

• A)As a general rule, a promise to perform a pre-existing public duty can provide consideration for a new contract.
• B)As a general rule, a promise to perform a pre-existing contractual duty to one party cannot provide consideration for a new contract with a different party.
• C)As a general rule, a promise to perform a pre-existing contractual duty to one party can provide the consideration for a new contract with that same party for a lesser contractual duty.
• D)As a general rule, a creditor's promise to accept a lesser sum in complete discharge of a larger debt is unenforceable.
• E)As a general rule, a promise that is not supported by valuable consideration is enforceable only if both parties have applied their ceremonial wax seals.

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Definitions:

Continental Rift

A continental rift is a linear zone where the Earth's crust and lithosphere are being pulled apart, often leading to the formation of a new ocean basin.

Andes

A major mountain range in South America that extends over 7,000 km, known for its volcanic activity and diverse ecosystems.

Continental Shelf

The extended perimeter of each continent, lying relatively shallow in the ocean, where the seabed is at a gentle slope before a steep drop off to the ocean floor.

Passive Margin

The transition between oceanic and continental lithosphere that is not an active plate boundary.