A Promise to Do Something That You Are Already Obligated

question 64

Multiple Choice

A promise to do something that you are already obligated to do is ________.

• A)valid consideration because it is illusory consideration
• B)valid consideration,but only in the employment context
• C)valid consideration because it is past consideration
• D)valid consideration,but only if a sale of goods transaction invoking the applicability of the Uniform Commercial Code (UCC)is involved
• E)not valid consideration

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Definitions:

Multiple Comparison Procedure

A statistical method used to evaluate differences among group means after an ANOVA, controlling for the error rate.

Significantly Different

A statistical term used to describe a result that is unlikely to have occurred by chance alone, as determined by a predetermined significance level.

ANOVA

Short for Analysis of Variance, a statistical method used to compare means of three or more samples.

Hypothesized Distribution

A theoretical distribution used to make inferences about a population based on sample data.