Business Law List the four types of consideration. 2. Can $1.00 be adequate consieration? Why or...

70.2K

Verified Solution

Question

General Management

Business Law List the four types of consideration. 2. Can $1.00be adequate consieration? Why or why not? 3. List the threeexceptions to the preexisting-duty rule.

Answer & Explanation Solved by verified expert
4.4 Ratings (958 Votes)
1 Four types of consideration ExecutoryFuture consideration Consideration to move at a future date For example A promising to deliver goods to B after one week and B promising to make the payment after the delivery ExecutedPresent    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students