Something does not have to be of direct economic or financial value to be considered legally sufficient consideration. • True False
Added by Emily S.
Close
Step 1
This is a legal concept. Show more…
Show all steps
Your feedback will help us improve your experience
Adi S and 67 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
23- The consideration needed to support a contract must: a. Flow to the promise AND have monetary value b. Flow to the promise c. Have monetary value d. Neither flow to the promise NOR have monetary value
Adi S.
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.
Chandra J.
true or false Tax is not a debt; hence, it is not subject to set-off.
Jennifer S.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
100,000+
Students learning Economics with Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD
