Which of the Following Would Most Likely Be Enforceable

question 55

Multiple Choice

Which of the following would most likely be enforceable?

• A) An agreement supported by past consideration
• B) A substitute agreement to settle an undisputed debt
• C) A debt agreed to seven years ago in a state where the statute of limitations is six years
• D) A promise following the rendering of emergency services that is not supported by new consideration

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Definitions:

Exculpatory Clause

A contract term that releases one party from liability for harm or damage that might occur to another party, often found in service agreements and waivers.

Insane Person

Refers to an individual with severe mental illness to the point where they cannot understand the nature or consequences of their actions.

Status Indian

A legal identification in Canada for a First Nations person who is registered under the Indian Act, granting them specific rights and benefits.

Legal Relationship

A connection between entities or individuals that is recognized and regulated by law.