Which of the Following Is Enforceable Without Consideration

question 38

Multiple Choice

Which of the following is enforceable without consideration?

• A) A new promise to pay a debt barred by the statute of limitations.
• B) An illusory promise.
• C) A promise to supply all of the materials a manufacturer will need for the production of a certain item for a specified period of time.
• D) In the majority of states, a promise by a father to pay someone for rendering emergency services to his injured son before the father had arrived at the accident scene.

Learn the operations and effects of different types of queries (append, delete, make-table, update).

Comprehend the establishment, replenishment, and adjustment of petty cash funds.

Grasp the concept and importance of a voucher system in accounting.

Recognize the purpose and handling of petty cash accounts.

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Definitions:

Sales

The revenue a company earns from selling goods or services in its normal operations.

Operating Expenses

Costs associated with running a business's core operations on a daily basis, excluding costs of goods sold.

Merchandising Companies

Companies that purchase goods in a finished condition and sell them without further processing, making profit through the buying and selling of merchandise.

Service Companies

Businesses that provide intangible products or services to customers, as opposed to selling physical goods.