The Effect of the Making of a Partial Payment to Satisfy

question 5

Multiple Choice

The effect of the making of a partial payment to satisfy an admitted debt is an example of the rule that:

• A) past benefits cannot be consideration for a later promise.
• B) a conditional promise may be consideration.
• C) doing what one is already under a legal obligation to do is not consideration.
• D) consideration must be adequate to be binding.