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 do a legal activity in the future A promise to stop doing an illegal activity A promise to complete an already 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 kind that would reasonably cause a person to take some kind of action. There is money involved. Injustice can only be avoided by enforcing the promise. The promisee actually takes reasonable action due to the promise.
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For the first question, the following can be used as consideration for a new contract to be signed today: - Money - A promise to engage in a legal activity in the future - A promise to fulfill an existing contract A promise to cease engaging in an illegal activity Show more…
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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
Crystal W.
Which of the following statements regarding contract terms is correct? A) Contract terms may be express or implied. B) Contract terms must be in writing to be effective. C) Contract terms must be reasonable. D) Contract terms are an aid for a court to interpret a business arrangement.
Which of the following statements is true regarding the liability for inducing a breach of contract? Select one: a. One who induces a breach of contract is liable under the law of tort. b. No liability exists for inducing a breach of contract. c. One who has breached the contract is liable under the law of torts. d. One who has induced the breach of the contract is liable under the law of contract.
Lottie A.
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