Which of the Following Is True of an Illegal Consideration

question 40

Multiple Choice

Which of the following is true of an illegal consideration?

• A) Contract requires that either both parties suffer legal detriment.
• B) Contract requires that the promisor receives a legal benefit.
• C) Contract requires that the promisee suffer a legal detriment.
• D) Contracts based on illegal consideration are void.

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Definitions:

Moving Averages

A statistical technique used to analyze time series data by creating a series of averages of different subsets of the full dataset, often used in stock market analysis.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period.

Forecasting Model

A mathematical or statistical model used to predict future events or trends based on historical data.