Which of the Following Is Enforceable Without New Consideration

question 21

Multiple Choice

Which of the following is enforceable without new consideration?

• A)Beth, after reaching the age of majority, promises to pay off a debt she incurred while a minor.
• B)Cheyenne entered a contract to buy a car based on a fraudulent misrepresentation.A new promise to pay is made without knowledge of the original fraud.
• C)Val entered a contract voidable because of mistake.A new promise to fulfill the contractual obligations that had not previously been avoided and without knowledge of the mistake is enforceable without new consideration.
• D)None of the above.New promises to perform voidable obligations that have not previously been avoided must always have new consideration.

Evaluate the factors contributing to labor productivity differences among economies.

Identify factors that do not directly contribute to the productivity of labor.

Understand the relationship and differences between average product and marginal product of labor.

Analyze the effects of increasing labor use on output, including the conditions under which the law of diminishing returns applies.

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Definitions:

Lobster Boats

Specialized vessels designed for the purpose of lobster fishing, equipped to handle and store lobsters.

Monthly Revenue

The total amount of income generated by a company from its operations over the course of a month.

Advertising

A marketing strategy involving the use of paid communications to inform, persuade, and remind consumers about products, services, or brands.

Profits

The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.