Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 25, 2024

A gratuitous promise is: A) An arrangement that the courts will enforce B) A gift that creates contractual obligations C) A promise where no legal

A gratuitous promise is: A) An arrangement that the courts will enforce B) A gift that creates contractual obligations C) A promise where no legal obligation is created D) A legal obligation to do what is promised

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audits For Improved Performance

Authors: Dennis R. Arter

2nd Edition

0873892631, 978-0873892636

More Books

Students also viewed these Accounting questions

Question

★★★★★

Let A be a diagonalizable matrix with characteristic polynomial (a) If D is a diagonal matrix whose diagonal entries are the eigenvalues of A, show that = p(D) + a1Dn + a2Dn-1 + an+1I = 0 (b) Show...

Answered: 1 week ago

Question

★★★★★

13. What two things must be balanced when selecting an investment? a. cost and benefit c. income and expenses b. risk and return d. supply and demand

Answered: 1 week ago

Question

★★★★★

Construct a 99% confidence interval for the mean daily intake of dairy products for adult men in Example 8.6.

Answered: 1 week ago

Question

★★★★★

When Teris outside basis in the TMF Partnership is $80,000, the partnership distributes to her $30,000 cash, an account receivable (fair market value of $60,000, inside basis to the partnership of...

Answered: 1 week ago

Question

★★★★★

write a C++ program on Linux system that keeps a database of super heroes. When the program starts, your program will ask the user to enter the name of an output file, and then the program will enter...

Answered: 1 week ago

Question

★★★★★

Modified True/False INSTRUCTIONS: Read the statement. If you believe it is true, mark "true. If you believe it is false, change the bolded and underlined term in CAPS to the correct one provided....

Answered: 1 week ago

Question

★★★★★

Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★

Country X has the following amounts in its balance of payment accounts: Current Account Capital Account Financial Account $500,000 $100,000 $500,000 If Country X residents buy $700,000 of goods and...

Answered: 1 week ago

Question

★★★★★

James was operating his cabin cruiser with his family a kilometer off the coast when he needed to go below to prepare a meal. He left his twelve-year-old son to drive the boat. While James was below...

Answered: 1 week ago

Question

★★★★★

Hillary deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. The certificate earned $575 at maturity...

Answered: 1 week ago

Question

★★★★★

The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income $21,600 Payroll tax penalty (4,200) Tax exempt interest income 4,012...

Answered: 1 week ago

Question

★★★★★

2. Explain how the Self-Talk Endless Loop in Figure 4.1 can help individuals like Vickie Stringer.

Answered: 1 week ago

Question

★★★★★

Identify the characteristics of people with low and high selfesteem.

Answered: 1 week ago

Question

★★★★★

3. Lets assume that you have been hired to study the series of mix-ups that involved personnel employed by Automatic Elevator, Cardinal Health, and Duke Hospitals; propose your recommendation that...

Answered: 1 week ago

Previous Question Next Question