Which of the Following Is Correct with Respect to the Adequacy

question 161

Multiple Choice

Which of the following is correct with respect to the adequacy of consideration?

• A)Need not be legal if both parties clearly consent
• B)Both parties must be present if the agreement is under seal
• C)May be only love and affection
• D)Need not be fair, unless there are extenuating circumstances (i.e., insanity or fraud)
• E)Existing duty: a change in the contract requires no new consideration

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Definitions:

Collaborating

The process of two or more people or organizations working together towards a common goal, often characterized by mutual respect and cooperation.

Ambivalence

Mixed feelings or contradictory attitudes toward a person, object, or situation.

Educators

Individuals such as teachers or professors responsible for delivering education and fostering learning.

Legislatively Mandated

Required or enforced by laws or legislative acts.