Held that an oral agreement regarding disinheritance did not lack consideration because a promise, no matter how slight, can constitute sufficient consideration so long as a party agrees to do something that they are not bound to do.

The court in Ferguson v. Carnes

Explanation:

In this case, Ferguson and Carnes were the children of a wealthy mother. The two made an oral agreement stating that they will divide the estate equally among eachother if the mother only put one of them in the will. The mother only wrote Carnes in the will, who refused to pay Ferguson, thus he claimed they made an agreement but Carnes stated the agreement lacked consideration, and in this case the court held that an oral agreement regarding disinheritance did not lack consideration because a promise, no matter how slight constitute suficient consideration.

every society, in order to meet the needs of it's people, has to answer three basic questions:

- what should we produce?

- how should we produce it?

- for whom should we produce it?

this questions must be answered in order to, option b, aid in production decisions.

every country can't produce everything, no matter how rich their land is. it may be a matter of technology, resources or geographical conditions. so, these three questions must be resolved in order to get the most of the production of each land.

hope this !