Indicate the Correct Statement About Consideration

question 78

Multiple Choice

Indicate the correct statement about consideration.

• A) Consideration is "the price for which the promise (or the act) of the other is bought."
• B) The common law holds that consideration must be adequate to insure that contracts are fair bargains.
• C) In a unilateral contract, the performance of the promisee provides no consideration to the promisor.
• D) An altered course of action, e.g. forbearance, is not good consideration.
• E) In a bilateral contract, the exchange of promises does not provide consideration for both parties.

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Definitions:

Enumerated Powers

Specific powers granted to the United States Congress by the Constitution, including the authority to coin money, regulate commerce, and declare war.

Article I, Section 8

A section of the United States Constitution that outlines the powers of Congress, including taxation, borrowing money, regulating commerce, and declaring war.

Interpretation

The act of explaining or defining the meaning of something, especially in the context of laws, texts, and artworks.

Agenda Setting

The process by which the media identifies and selects certain events and topics to emphasize, shaping public perception and influencing what the public considers to be priority issues.