chapter 8 cards

consideration is?

adequacy of consideration rule

t/f miles promised to buy als car for a stated sum in three days if, at that time, miles still wants to buy the car. in this case, miles promise is not consideration
True False

in rare cases, certain unforseen difficulties may be consideration sufficient to support a contract

t/f len promises not to breach a contract with lisa. lens promise is not consideration
True False

t/f a gift does not require the donee(person receiving the gift to give consideration.
True False

t/f consideration is not required in order to modify a contract to sell goods
True False

in which case is the creditor entitled to sue for the unpaid balnace of the dept

rod contracted to build a garage for tim. the contract required rod to pay for all materials. later, tim promised to pay rod an extra 500. tims promise is binding if it is given

y/n can a promise to refrain from from suing another be consideration

y/n does the ucc require a modification of a sales contract to be supported by consideration

when a person makes a promise to a second person and taht person reasonably and tetrimentally relies on the promise, the promisor cannot claim that the second person did not give consideration in order to avoid the promise. this doctrine is known as

t/f Forbearance is valid consideration if the promisor has a right to do the act.
True False

Which of the following can be called valid consideration?

consideration can include:

Refraining from doing something is valid consideration when the act refrained from: