Which of the following statements is true? Question 1Select one:a.An employer's promise to pay an employee an increased salary in the future is supported by good consideration from the employee. b.A person is not legally bound to pay his or her taxi fare because the services of the taxi driver rest on past consideration. c.Past services performed by an employee for his or her employer amount to good consideration to support a current promise by the employer to pay an increased salary for the period of those past services. d.An agreement in writing will be binding even if the promises contained in the written document are not supported by consideration.

A supermarket advertises that any customer who spends £100 on wine will receive a free gallon of petrol. A customer who relied on this promise and who spent £100 on wine is refused the petrol. Which one of the following statements is true?Question 3Select one:a.the customer will not be entitled to the wine because when he claimed the wine the consideration was passedb.There will be no contract as the customer provided no condieration for the petrolc.he customer will be entitled to petrol as there was a good contractd.There will be no contract as there was no intention to creat legal relations

Which of the following statements is true? Question 2Select one:a.Executory consideration is said to be when the performance of the act relied on as consideration occurs prior to a subsequent promise and independently of it. b.In order to create a valid contract for the sale of a motor vehicle, it is necessary for the purchaser to pay a deposit. c.The exchange of promises amounts to good consideration. d.Consideration is not regarded as good consideration until it has been performed.

Which of the following statements about stock options is true?Multiple choice question.Companies save money by offering stock options, but employees always lose money with stock options.The recipient is given the right to purchase stock at a predetermined price sometime in the future.The recipient has the right to set the price of the stock.If the recipient agrees to stock options as part of a compensation package, the recipient is obligated to buy stock in the future.

hich of the following statement is correct? Statement 1: Promissory Notes promises to pay the money that is due.Statement 2: A promissory note may be in writing and also be an oral contractual promise to pay money.a.Only statement 1 is true.b.Only statement 2 is true.c.Both statements are false.d.Both statements are true.

Which ONE of the following statements is CORRECT?a.Jeffrey and Joel decide to run a brothel and draw up an agreement on how they will divide the profits. A valid contract comes into existence.b.If Joel bets Sandile R2 000 that Zambia will win the next Africa Nation’s Soccer Cup, the contract between them is void, because it is a wagering contract.c.If Samuel, who is deeply in love with Sammy, promises Margate’s beach to her in a contract of donation, a valid contract does not come into existence because the objects of the donation is not capable of being privately owned.d.If Rocher, the famous chef and owner of Greenfields, agrees with Joel, the buyer of the restaurant, that Rocher will never again open or work in a restaurant in South Africa, the contract will be enforceable, because it is a principle of South African law that parties have freedom to contract.