Which of the Following Is Not Correct with Respect to the Adequacy

question 141

Multiple Choice

Which of the following is not correct with respect to the adequacy of consideration?

• A) Need not be present if the agreement is under seal
• B) Must be of some value; love and affection are not enough
• C) Existing duty: a change in the contract requires new consideration
• D) Need not be legal if both parties clearly consent
• E) Need not be fair, unless there are extenuating circumstances, i.e., insanity or fraud

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Definitions:

User-Pay Approach

A policy or system where users pay directly for the services or facilities they use, encouraging responsible usage and helping to cover the costs of service provision.

Sustainable Yields

The rate at which natural resources can be harvested without compromising their availability for future generations.

Non-Renewable Resources

Natural resources that cannot be replenished or that take millions of years to form, such as fossil fuels and minerals.

Exhausted

describes a state of extreme tiredness or fatigue, often resulting from physical or mental activity.