Legally Sufficient Consideration May Consist of Which of the Following?​

question 47

Multiple Choice

Legally sufficient consideration may consist of which of the following?​

• A)a n act
• B)a promise to do something
• C)a promise to not do something
• D)all the above

---

Definitions:

Legal Entity

A legal entity is an individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Endorse

To give public approval or support to something or someone, often used in the context of brands, policies, or candidates.

Partnership

A legal arrangement in which two or more individuals or entities agree to operate a business jointly and share its profits and losses.

Order Instrument

A financial instrument or document that is payable to a specific person or entity, as named on the document.