Asked by Reuben Acosta on Jun 03, 2024
Verified
The performance of an action that one is not otherwise obligated to undertake is not legally sufficient consideration.
Legally Sufficient Consideration
An element of contract law that requires something of value to be exchanged between the parties involved.
- Discern between bindable and unbindable commitments by examining the role of consideration.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
False
Explanation :
Consideration in a legal context refers to something of value that is exchanged between parties to a contract. The performance of an action that one is not otherwise legally obligated to undertake can be considered valuable and thus can constitute legally sufficient consideration for a contract.
Learning Objectives
- Discern between bindable and unbindable commitments by examining the role of consideration.