Indicate the Correct Statement About Consideration

question 21

Multiple Choice

Indicate the correct statement about consideration.

• A)Consideration is "the price for which the promise (or the act)of the other is bought."
• B)In a unilateral contract,the performance of the promisee provides no consideration to the promisor.
• C)In a bilateral contract,the exchange of promises does not provide consideration for both parties.
• D)An altered course of action (e.g.,forbearance)is not good consideration.
• E)The common law holds that consideration must be adequate to ensure that contracts are fair bargains.

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Definitions:

Infotainment

Media designed to entertain and inform simultaneously, often blending factual news with entertainment elements.

Dissolved Boundary

A theoretical or metaphorical concept referring to the blurring or elimination of distinctions between different categories, spaces, or identities.

Entertainment

Activities, events, or performances designed to provide enjoyment, amusement, or leisure to an audience.

Eroding

The process of gradually wearing away or deteriorating, often used metaphorically to describe the weakening of institutions or values.