Which of the Following Is an Exception to a Consideration

question 39

Multiple Choice

Which of the following is an exception to a consideration requirement?

• A)Bargained-for exchange
• B)Charitable subscription
• C)Nominal consideration
• D)Adequacy of consideration

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Definitions:

Preemptive Strike

A military or strategic attack intended to neutralize a perceived imminent threat from an opponent before that threat can harm the party making the strike.

Mutual Rescission

An agreement between two parties to terminate their contract, effectively returning them to their pre-contractual positions.

Accord and Satisfaction

Resolution of a debt obligation where the debtor offers payment lower than the total amount due and the creditor agrees, thereby settling the dispute.

Compensatory Damages

Monetary compensation awarded to a plaintiff to cover losses or injuries that result from the defendant's actions.