Asked by Diana Muñoz on Jul 13, 2024
Verified
A promise to do something that one has no prior legal duty to do is not legally sufficient consideration.
Legally Sufficient Consideration
A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.
- Distinguish between enforceable and non-enforceable promises based on the presence of consideration.
Verified Answer
NQ
Nguy?n QuânJul 15, 2024
Final Answer :
False
Explanation :
A promise to do something that one has no prior legal duty to do can be considered legally sufficient consideration because it involves offering something new or additional that the promisor is not already obligated to do, thus forming the basis of a valid contract.
Learning Objectives
- Distinguish between enforceable and non-enforceable promises based on the presence of consideration.