Which of the Following Statements Is True of Consideration

question 49

Multiple Choice

Which of the following statements is true of consideration?

• A) Consideration always has a monetary value regardless of a legal value.
• B) A promisee can be forced by the courts to keep his or her promise.
• C) Consideration enforces gratuitous promises.
• D) A promisee's consideration may be an act or a promise.

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Definitions:

Coordination

The act of organizing and making different elements work together effectively to achieve a goal.

Constraints

Limitations or restrictions that affect the course of action or decision-making.

Organizational Objectives

The established goals that a company or organization aims to achieve in a specific timeframe.

Quality Standards

Specific criteria or guidelines used to measure and ensure the excellence of products, services, or processes.