Identify the Correct Statement Regarding Consideration

question 28

Multiple Choice

Identify the correct statement regarding consideration.

• A) A promise by public officials to perform their official duties is always a consideration.
• B) A promisor's promise not to commit a crime or a tort can never be consideration.
• C) As a general rule, performing or agreeing to perform a preexisting duty is consideration.
• D) When new consideration is provided to support a modification, it is unenforceable.

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Definitions:

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all data will fall within three standard deviations of the mean.

Distribution

Refers to the way in which values in a dataset are spread out or distributed.

Arithmetic Mean

The arithmetic mean is a statistical measure that represents the sum of all values in a dataset divided by the number of values.

Geometric Means

A statistical measure defined as the nth root (where n is the count of numbers) of the product of n numbers, particularly useful in calculating average rates of growth.