Which of the Following Statements Is Correct with Respect to the Law

question 29

Multiple Choice

Which of the following statements is correct with respect to the law of consideration?

• A) For a contract to be binding something valuable must have changed hands. This consideration may have been paid before the agreement (past consideration) or at the time of the agreement (present consideration), but future consideration is no consideration.
• B) Without consideration or a seal, there can be no contract.
• C) The amount of consideration to be paid in a contract must be reasonable (that is, fair) from the point of view of each party.
• D) Consideration must have some value but need not be specific.
• E) Consideration need not be specific, just so both parties got something out of the deal.

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Definitions:

Der Krieg

German for "The War," often referring to works, studies, or historical accounts of war, particularly the World Wars.

Otto Dix

A German painter and printmaker, noted for his ruthless and harsh depictions of Weimar society and the brutality of war.

Dadaists

Artists and writers of the early 20th century involved in Dada, an avant-garde movement characterized by its mockery of materialistic and nationalistic attitudes.

World War I

A major global conflict fought from 1914 to 1918, primarily in Europe, involving many of the world's great powers.