Ch.+12+Questions

Ch.+12+Questions - 6. What is an illusory promise? . 7....

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C H . 12 D ISCUSSION  Q UESTIONS 1. What is consideration?    2. What are the elements of consideration?    3. What is “adequacy of consideration”?   
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4. Can a preexisting duty satisfy the requirements of consideration?    5. What are some of the exceptions to the preexisting duty rule? 
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Unformatted text preview: 6. What is an illusory promise? . 7. Discuss agreements to settle claims or discharge debts. 8. What are some of the circumstances in which promises will be enforced despite the lack of what one normally considers consideration?...
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This note was uploaded on 12/04/2010 for the course ACCT 3200 taught by Professor Martin during the Fall '08 term at Kennesaw.

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Ch.+12+Questions - 6. What is an illusory promise? . 7....

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