The Agreements Which Lack Consideration Are

question 25

Multiple Choice

The agreements which lack consideration are:

• A) enforceable.
• B) not enforceable.
• C) valid.
• D) unlawful.

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Definitions:

Lockouts

Actions taken by employers to prevent employees from working as a strategy in labor disputes, typically during negotiations for better terms or conditions.

Picketing

The act of standing or marching outside a place of work or another location as a form of protest, often by workers during a strike.

Preferred Shares

Shares giving the shareholder preference over other classes of shares; that preference often pertains to the payment of dividends.

Legal Obligation

A legal obligation is a requirement imposed by law, where a person is required to perform or refrain from performing a certain action.