BLAW - 8-2 Activity

If a promise is given for consideration, will it be binding?

• Yes

• No

If a contract contains a termination clause for any reason, is the promise to perform illusory?

• Yes

• No

If a contract clause allows termination only after a change in defined circumstances, is the promise illusory?

• Yes

• No

Does an output contract require a seller to supply all the needs of a particular buyer?

• Yes

• No

Can a party terminate a requirements contract by stopping production?

• Yes

• No

Does existing public duty limit public officials in their promise making?

• Yes

• No

Can a person under contract sign another contract that offers more money and benefits?

• Yes

• No

Can a debtor settle a claim by paying less than the full amount and promising additional consideration?

• Yes

• No

Is the payment of money sufficient consideration for the promise not to sue?

• Yes

• No

Does the debtor have to agree not to file for bankruptcy in a composition of creditors?

• Yes

• No