Consideration Can Have Legal Value If the Promisee

question 37

Multiple Choice

Consideration can have legal value if the promisee:

• A) does not perform an act in the case of unilateral contracts.
• B) does something he or she had no prior legal duty to do in exchange for the promisor's promise.
• C) agrees to do something he or she has a legal right to do in exchange for the promisor's promise.
• D) does not give up something in exchange for the promise made by the promisor.

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Definitions:

Basic Business Transactions

Fundamental economic exchanges that occur in business, such as buying, selling, and trading goods or services, which constitute the core activities of any commercial entity.

Data Collection

The process of gathering and measuring information on targeted variables in an established systematic fashion, enabling one to answer relevant questions and evaluate outcomes.

DBS

May refer to Database Systems, which are software applications designed to manage, manipulate, and query structured data stored in databases.

Knowledge Worker

An individual whose main capital is knowledge, typically engaged in the task of solving complex problems, generating ideas, or developing new information or products.