Which of the Following Is Correct with Respect to Consideration

question 109

Multiple Choice

Which of the following is correct with respect to consideration?

• A) It must be specific.
• B) It must be reasonable.
• C) It is to compensate for an act that happened in the past.
• D) At least some money must be involved.
• E) It is binding even though a duty to so act already exists.

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Definitions:

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy.

Developed Countries

Nations with relatively high levels of economic growth and security, characterized by stable governments, a high standard of living, and access to healthcare and education.

Unequal Income Distribution

A situation where income is distributed unevenly among a population, leading to disparities in wealth and living standards.

Developed Countries

Nations with relatively high levels of economic prosperity and standards of living, often characterized by high Gross Domestic Product (GDP) per capita.