Consideration Flashcards
1
Q
Is consideration required for a firm offer to be irrevocable (UCC)?
A
No.
2
Q
Is consideration required for an option contract to be irrevocable (common law)?
A
Yes.
3
Q
Is consideration required for an offer to be irrevocable when the offer has begun performance of a unilateral contract (common law)?
A
Yes.
4
Q
Is consideration required for an offer to be irrevocable due to promissory estoppel (common law)?
A
No.
