Which of the Following Is True of the Distinction Between

question 21

Multiple Choice

Which of the following is true of the distinction between scientific journals and popular magazines?

• A)Scientific journals are published quarterly;popular magazines are published monthly.
• B)Scientific journals are published on specific topics;popular magazines are not published on specific topics like psychology.
• C)Scientific journal articles are peer-reviewed;popular magazine articles are not.
• D)There are no differences between scientific journals and popular magazines.

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Definitions:

Valid Consideration

An essential element in the formation of a contract, referring to something of value (such as goods, services, or money) exchanged by the parties that induces them to enter into the agreement.

Illusory Consideration

An apparent promise or agreement that lacks a real commitment and therefore does not form a binding contract.

Adequacy of Consideration

An evaluation of whether something of legally sufficient value has been given in exchange for a promise or action, as part of a contract.

Fair Market Value

An estimate of the market value of a property, based upon what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.