Which of the Following Is True of Consideration

question 55

Multiple Choice

Which of the following is true of consideration?

• A)A promise cannot be deemed a consideration in a bilateral contract.
• B)The legal value of a consideration must be equal to the actual value in a consideration.
• C)Gross inadequacy of consideration can give rise to an inference of fraud for setting aside a contract.
• D)A preexisting moral obligation is deemed a consideration.

---

Definitions:

Supplier's Demand

The quantity of materials or products required by a supplier from upstream suppliers to meet customer orders or production schedules.

Outsourcing

Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Supply Chain Function

A specific activity or set of activities within a supply chain, such as procurement, production, distribution, or logistics, that adds value to products or services.

Supplier Scoring

A method used to evaluate and rank suppliers based on various criteria such as delivery time, quality, cost, and reliability to improve purchasing decisions.