If a Contract That Was Lacking in Consideration Is Performed

question 45

True/False

If a contract that was lacking in consideration is performed by the parties, the parties cannot subsequently assert lack of consideration to undo the performed contract.

---

Definitions:

Negative Comments

Refers to unfavorable or critical remarks made about someone or something, often highlighting issues or areas for improvement.

Employee's Personality

The collection of individual traits and characteristics that influence how a person behaves and interacts at work.

Halo Effect

A cognitive bias where an individual's overall impression of a person, company, or brand influences their judgments about specific traits.

Rater Bias

An evaluator's subjective and unfounded distortion affecting performance appraisals or judgements about individuals.