Asked by Hazeline Sutana on Apr 29, 2024
Verified
A promise not to sue another party is not consideration because the promise does not convey any legal value to the other party.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
- Discriminate between considerations that are valid and those that are invalid.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
False
Explanation :
A promise not to sue another party is a valid consideration as long as the promisee has a good faith belief in the validity of his or her claim.
Learning Objectives
- Discriminate between considerations that are valid and those that are invalid.