This preview shows page 1. Sign up to view the full content.
Unformatted text preview: hant is bound to keep an offer open for a stated period not in
two months. c.
d. three months.
four months. 408.
d. The concept of consideration in contract law includes:
that each party to a contract must unintentionally exchange a legal benefit.
an inducement to each party to make a return exchange.
that each party takes out an insurance bond if the possibility of damages is above $500.
all of the above. 409.
d. The courts usually consider all of the following matters relevant to contracts except:
adequacy of consideration.
misconduct. 410. The death or insanity of the offeror or offeree does not terminate an option.
411. The effect of the making of a partial payment to satisfy a debt which is certain in amount and
which is past due is an example of the rule that:
past benefits cannot be consideration for a later promise.
a conditional promise may be consideration.
doing what one is bound to do is not consideration.
View Full Document
This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.
- Fall '12
- The Lottery