A few states provide by statute that the parties need to provide no new consideration when modifying any contract

Indicate whether the statement is true or false

True

Business

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What is the legal term given to a clause that makes a contract enforceable against a buyer only if the buyer is able to secure a building inspection satisfactory to the buyer?

a. A liquidated damages clause b. A limitation of liability clause c. A condition subsequent d. A condition precedent

Business

A plan for selling individually underwritten property and liability insurance to members of a group is called

A) direct response. B) multiple distribution. C) niche marketing. D) mass merchandising.

Business