For a promise to constitute consideration, the promise must prevent imposing an obligation on the person making it
Indicate whether the statement is true or false
False
You might also like to view...
If a special pricing order is accepted for 5500 sails at a sales price of $150 per unit, and fixed costs remain unchanged, what is the change in operating income? (Assume the special pricing order will require variable manufacturing costs and variable selling and administrative costs.)
Voyage Sail Makers manufactures sails for sailboats. The company has the capacity to produce 37,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production:
A) Operating income decreases by $825,000.
B) Operating income increases by $825,000.
C) Operating income decreases by $495,000.
D) Operating income increases by $495,000.
The Generalized System of Preferences, allows developing countries to export all (or nearly all) of their products to a participating developed country on a nonreciprocal basis
Indicate whether the statement is true or false
John and Lena sign a contract with the owner of Little Fairy, a well-known preschool chain, to start a preschool in their city. They take permission from the owner to use the name and products of Little Fairy. They also furnish their preschool in Little Fairy's trademark style. In this scenario, John and Lena are starting a _____.
A. corporation B. sole proprietorship company C. limited liability company D. franchise
Intent as used in the law of intentional torts requires the defendant to:
A) understand that her actions created the end consequence. B) desire to cause the consequence of her action. C) believe the consequences are substantially certain to result from her action. D) All of these.