When There Is No Consideration for a Promise, the Agreement

question 20

Multiple Choice

When there is no consideration for a promise, the agreement is:

• A) a quasi contract.
• B) equitable.
• C) not binding.
• D) unethical.

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Definitions:

Internet Retailer

A business that sells goods or services to the public via the Internet, including both online-only stores and the online outlets of traditional retailers.

Legacy Companies

Established companies with a long history that often face challenges adapting to new technologies or market changes.

Luxury Fashions

High-end, often designer-made, clothing and accessories that symbolize status and wealth.