Under Common Law, Consideration Is _____

question 43

Multiple Choice

Under common law, consideration is _____.

• A) required to discharge a breaching party
• B) not required for modification of a sales contract made in good faith
• C) not required if one party wants to forgive another's breach by written waiver
• D) not required for a "firm offer"
• E) required if a contract is modified or terminated by the mere agreement of the parties

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Definitions:

Composite Volcano

A type of volcano formed by alternating eruptions of lava and volcanic ash, leading to a layered structure.

Caldera

A large volcanic crater, typically formed by the collapse of land following a volcanic eruption.

Classic Shape

This term does not directly relate to a scientific concept in this context and thus is deemed not accurate.

Lava Flow

The movement of lava across the ground post-volcanic eruption, which can shape landscapes.