A promise to do something that you are already obligated to do is ______ Multiple Choice illusory consideration valid consideration only in the employment context past consideration a preexisting duty < Prev 26 of A
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The question asks to identify the legal term for "A promise to do something that you are already obligated to do." This concept relates to contract law, specifically the element of consideration. Show more…
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Which of the following statements is TRUE? A. Consideration must result in a benefit to both parties. B. Past consideration is no consideration in India. C. Consideration must be adequate. D. Consideration must not be something which a promisor is already bound to do.
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Which of the following can be used as consideration for a new contract to be signed today? Choose all that apply. - Money - A promise to engage in a legal activity in the future - A promise to cease engaging in an illegal activity - A promise to fulfill an existing contract When a promise has been made without consideration, which of the following requirements must exist to enforce the promise using the concept of promissory estoppel? Choose all that apply. - The promise must be the type that would reasonably induce a person to take some form of action - Money is involved. - Injustice can only be avoided by enforcing the promise - The promisee actually takes reasonable action in reliance on the promise
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