Which of the Following Is True of a Gift Promise

question 60

Multiple Choice

Which of the following is true of a gift promise?

• A) A gift promise can be enforced in a court of law.
• B) A completed gift promise cannot be cancelled for lack of consideration.
• C) A gift promise contains considerations.
• D) The promisee can take legal action if the promisor does not uphold the promise.

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Definitions:

Uniformly Distributed

A description of a distribution where all outcomes are equally likely, the probability distribution is constant.

Probability

The quantification of the chance that an event will happen, expressed as a number ranging from 0 to 1.

Random Variable

A Random Variable is a variable whose possible values are numerical outcomes of a random phenomenon.

Normal Curve

A symmetrical, bell-shaped distribution where most occurrences take place around the mean and probabilities for values taper off as they move away from the mean.