Asked by aditya gauri on Jul 15, 2024
Verified
In the Hamer v.Sidway case cited in the textbook,the New York Court of Appeals concluded that:
A) Consideration is not required to enforce an otherwise valid,bargained-for exchange.
B) A benefit to the promisor constitutes valid consideration,but a detriment to the promisee does not constitute valid consideration.
C) Forbearance is sufficient consideration for a valid and enforceable contract.
D) A detriment to the promisee constitutes valid consideration,but a benefit to the promisor does not constitute valid consideration.
E) Forbearance does not satisfy the consideration requirement for a valid and enforceable contract.
Hamer v. Sidway
A significant case in contract law that established the notion that forbearance (refraining from doing something) can be considered a valuable consideration in a contract.
Sufficient Consideration
A necessary element in contract law where something of value is exchanged between parties to form a valid contract.
- Investigate the significance of past consideration and forbearance in the domain of contract law.
Verified Answer
KP
kyisha pattonJul 16, 2024
Final Answer :
C
Explanation :
In the Hamer v.Sidway case,the New York Court of Appeals concluded that forbearance (i.e.,refraining from particular activities)can constitute valid and lawful consideration for a contract.
Learning Objectives
- Investigate the significance of past consideration and forbearance in the domain of contract law.
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