What is a gratuitous promise? Give an example.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Canadian Business & the Law

ISBN: 978-0176501624

4th edition

Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz

See More Books

Question Posted: Dec 09, 2015 03:54 AM

See More Questions

What is a gratuitous promise? Is a gratuitous promise ever enforceable in the law of contract? Explain your answer.
1. In the June 2005 agreement, what consideration did Amber offer in exchange for Fredericks granting her a half-interest in the property? 2. Is love and affection alone consideration for a contract?...
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. Barren promise b. Consideration c. Forbearance d....
Multiple Choice Questions 1. If a company has a $25,000 reduction in sales and an increase of $7,000 in fixed costs with a contribution margin ratio of 34 percent, by how much will net income change?...
Data for Outreach Enterprises follows: Compute the dollar amount of change and the percentage of change in Outreach Enterprisess working capital each year during 2017 and 2016. What do the calculated...
List three reasons for producing process specifications.
Discuss the use of predictors that turn out to be nonsignificant in estimating the response. When might this be appropriate, if at all? Why would this not be appropriate in general?
Income statement and schedule of cost of goods manufactured. The following items (in millions) pertain to Chan Corporation: Chan?s manufacturing costing system uses a three-part classification of...
4. Explain the differences between prime cost, conversion cost, and production cost, illustrating your answer with suitable examples
An insurance company will insure a $ 50,000 diamond for its full value against theft at a premium of $ 400 per year. Suppose that the probability that the diamond will be stolen is .005, and let x...
Is a promise to pay more for its performance generally not enforceable?
What does Contract A refer to in a tendering context?
What problems can you anticipate if Tony Bullins goes ahead and changes the sales team and selling philosophy?
Go to: https://www.instagram.com/ryderseyewear/ on your desktop, laptop, or mobile (or a combination of all 3). You are the new Social Media Marketing Manager for Ryders Eyewear. You've been asked...
As leaders, it is very important that we have the ability to assess our own motivation and the motivation of others around us. It is also important to recognize the key factors involved in...
At the end of this exam, you will find Article 1 - " How Companies Can Prepare for a Long Run of High Inflation ". Please read the article and, when necessary, consult additional sources and the...
You can develop your capabilities as a manger by better understanding different ways of motivating and rewarding employees. You can also better prepare for your own career by better understanding the...
Topic: Project Malasakit of Kara David https://projectmalasakit.org/ What is the pros and cons of these alternative courses of the action below: Strengthen the internal organization via promoting it...
Formal reports contain a number of features that help readers navigate: a table of contents, lists of figures and tables, executive summaries, informative headings, and appendices for supplementary...
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
How does a rise in interest rates affect the flow of new loans and the creation of new deposits?
Jack Duran, president of Colorado Carpet Installation, Inc., began negotiations with Fred and Zuma Palermo for the sale and installation of carpeting, carpet padding, tile, and vinyl floor covering...
On November 1, the Kansas City Post Office Employees Credit Union merged into the Kansas City Telephone Employees Credit Union to form the Communications Credit Union (Credit Union). Systems Design...
Richardson hired J. C. Flood Company, a plumbing contractor, to correct a stoppage in the sewer line of her house. The plumbing companys snake device, used to clear the line leading to the main...
How does budgeting household expenses differ from budgeting business expenses? What are the similarities?
This is a partial adjusted trial batance of Cullumber Compary manualys
Which of the following journal entries will record the payment of a $1,500 salaries payable originally incurred for Salaries Expense? Select one: A. Debit Salaries Expense; credit Salaries Payable B....

What is a gratuitous promise? Give an example.

Question:

Step by Step Answer:

A gratuitous promise is a promise for which no con...View the full answer

Canadian Business & the Law

Students also viewed these Business Law questions