Asked by itzel valenzuela on Apr 26, 2024
Verified
A court will enforce one party's promise only if the other party promised something in exchange.
Enforce
To compel adherence to a law, rule, or agreement through the use of authority or power.
Exchanged Promise
An agreement where two parties make reciprocal promises to perform certain actions or obligations.
- Understand the concept of consideration as an essential element of contract formation and enforcement.
Verified Answer
RM
Rylea MarcumApr 28, 2024
Final Answer :
True
Explanation :
For a promise to be enforced by the courts,there must be consideration.A court will enforce one party's promise only if the other party promised something in exchange.
Learning Objectives
- Understand the concept of consideration as an essential element of contract formation and enforcement.
Related questions
For a Court to Enforce a Promise,both Parties Must Give ...
Which of the Following Is a Correct Statement Regarding Past ...
A New Agreement to Pay Less Than the Creditor Claims ...
Which of the Following Is an Exception to the Preexisting-Duty ...
When an Accord and Satisfaction Is at Issue,the ________ Is ...