Which of the following is true of a gift promise?
A. A gift promise can be enforced by a court of law.
B. A completed gift promise cannot be cancelled for lack of consideration.
C. A gift promise contains mutual consideration.
D. The promisee can take legal action if the promisor does not fulfill the gift promise.
Answer: B
You might also like to view...
If factory overhead applied is less than the adjusted debit balance of Factory Overhead, the difference is known as underapplied overhead
a. True b. False Indicate whether the statement is true or false
The top rung of the loyalty ladder is the ________ rung
A) word of mouth/buzz B) repeat purchase C) satisfaction D) evangelism E) ownership
The ShipNow salesperson's job is most likely to:
A) convince the customer into shipping everything with ShipNow B) provide a solution for the customer's complex shipping needs C) explain the packaging features offered by ShipNow D) describe the many services offered by ShipNow E) build rapport with the customer
A customer-focused business strategy:
A. stresses doing more with less by minimizing costs, encouraging productivity increases, and specifying in greater detail exactly how jobs should be performed. B. places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. C. stresses new products and short response times to market trends. D. focuses on business practice or process that results in better performance than one's competitors. E. stresses delighting customers and bases employee pay on how well they do this.