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Exam IIA-CIA-Part3 topic 2 question 95 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 95
Topic #: 2
[All IIA-CIA-Part3 Questions]

Which of the following contract concepts is typically given in exchange for the execution of a promise?

  • A. Lawfulness.
  • B. Consideration
  • C. Agreement
  • D. Discharge.
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
Reference:
https://law.jrank.org/pages/5690/Contracts-Elements-Contract.html
by Mike12345678 at April 8, 2021, 7:05 p.m.

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yomang
2 years, 9 months ago
It's B. Google "Consideration" in contracts terminology. ALL of the results will show that Consideration is the price that is asked by the promisor in exchange for their promise
upvoted 4 times
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Mike12345678
3 years ago
C is correct
upvoted 1 times
...

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