Dean Campenella is a detective with the California state police. During the investigation of a missing child, Campenella found new clues that led to the capture of a serial killer involved in another case
Since Campenella was not involved in the serial killer case, and found the clues while investigating another case, Campenella demanded a special reward from the state police department for his help in catching the killer. But his demand was declined citing lack of consideration. Campenella's demand lacks consideration under which of the following?
A) preexisting duty
B) illegal consideration
C) gift promise
D) illusory promise
A
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Answer the following statements true (T) or false (F)
General deductive reasoning is extremely important in accounting theory and policy-making.
Answer the following statements true (T) or false (F)
Benefits in a defined benefit plan may be paid either as a single lump sum amount at retirement or as a life annuity.
Martin promised Bellis $50 if Bellis found and returned Martin's cocker spaniel. This contract is
a. bilateral. b. unenforceable. c. unilateral. d. executed.
Which of the following can be used as a defense by accountants who are subject to express civil liability under Section 11 of the 1933 Act?
a. Due diligence b. Privity of contract c. Lack of scienter d. Accountant-client privilege