Valid Consideration Can Include Any Promise to Do Something One

question 42

Multiple Choice

Valid consideration can include any promise to do something one has no obligation to do,refrain from doing something one has the right to do,or in the case of a unilateral contract,a performance when there is no obligation to do so.This is known as a(n) ______.

• A) exculpation
• B) legal detriment
• C) release
• D) negotiation
• E) promissory estoppel

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Definitions:

Standard Form

A way of writing numbers, especially large numbers, by expressing them as a power of ten, or, in algebra, a way of writing equations.

Multiply

The operation of adding a number to itself a certain number of times, equivalent to repeated addition.

Standard Form

A way to write numbers using the digits 0-9, with each digit having a place value. In algebra, it refers to a way of arranging equations to a specific form.

Imaginary Unit

The imaginary unit, denoted as \(i\), is defined as the square root of \(-1\) and is foundational in complex number theory.