Consideration:
A) must be given by the promisee to the promisor.
B) must be adequate.
C) may be given to the promisor or to some other person by the promisee or by some other person.
D) need not be equal between the parties, but must be proportionate.
C
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a. the world and our behaviors b. the world and our attitudes c. the world, our behaviors, and ourselves d. the world, our attitudes, and ourselves
One potential advantage of financing corporations through the use of bonds rather than common stock is
A) the interest on bonds must be paid when due B) the corporation must pay the bonds at maturity C) the interest expense is deductible for tax purposes by the corporation D) a higher earnings per share is guaranteed for existing common shareholders
Which of the following is a talking heading?
A) IT Outsourcing B) Savings C) Cost Savings D) Projected Cost Savings for IT Outsourcing
The main difference between the UCC requirement for a writing for a contract for the sale of goods and the common-law rule is that the
a. UCC requires the signature of only one party. b. UCC does not require all the terms of the agreement to be in writing. c. common-law requires only an indication that the parties reached an agreement. d. common-law requires only the signature of the defendant and the quantity of goods being sold.