Which of the Following Is Not Correct with Respect to the Adequacy

question 38

Multiple Choice

Which of the following is not correct with respect to the adequacy of consideration?

• A) Must be of some value and love and affection are not enough
• B) Need not be present if the agreement is under seal
• C) Need not be fair, unless there are extenuating circumstances (i.e., insanity or fraud)
• D) Need not be legal if both parties clearly consent
• E) Existing duty: a change in the contract requires new consideration

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Definitions:

Individualistic Cultures

Societies that value personal independence and self-expression, with an emphasis on individual achievements and rights.

Collectivistic Cultures

Societies that emphasize the needs, goals, and views of the group over those of the individual.

Cultural Products

Cultural Products include items and services that reflect the cultural expressions, beliefs, and values of a society, such as art, music, literature, and rituals.

Perceptions Of National Character

Beliefs or stereotypes about the typical characteristics, behaviors, and traits of the people in a particular nation.