Which of the Following Statements Is TRUE

question 35

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:

Self-monitoring

The process of paying attention to one's own behavior and its effects on others.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that categorizes human needs into a five-level pyramid, with basic needs at the bottom and self-actualization at the top.

Physiological

Pertaining to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Safety and Security

The state of being free from danger or threat and having measures in place to protect against harm.