Asked by Ericka Pearce on May 02, 2024
Verified
A promise made in return for an act or event that has already taken place is fully enforceable.
Enforceable
Capable of being imposed or upheld by legal process or authority.
- Differentiate between promises that can be legally obligated and those that cannot, depending on whether consideration exists.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
False
Explanation :
A promise made in return for an act or event that has already taken place is not fully enforceable because it lacks consideration; consideration must be something of value exchanged between the parties and must be for something that has not yet occurred.
Learning Objectives
- Differentiate between promises that can be legally obligated and those that cannot, depending on whether consideration exists.