Which of the Following Is True for a Valid Consideration

question 5

Multiple Choice

Which of the following is true for a valid consideration?

• A) The detriment need not be an actual detriment.
• B) A detriment to the promise can only confer a tangible benefit on the promisor.
• C) The promisee cannot agree to forego something, without that something being given to the promisor.
• D) Legal consideration can be a promise irrespective of events that may never happen.
• E) The detriment is never a benefit to the promisee.

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

M-Form

The Multidivisional Form, a structure within a corporation that segments its operations into semi-autonomous divisions based on product, service, or geographic area.

Division Performs

A phrase that likely refers to how a specific division or department within an organization operates or achieves its objectives, but without further context, this definition is provisional.

Particular Type

A specific or distinct category or form within a broader classification.