A Gift Promise Requires the Promisee to Provide Consideration

question 74

True/False

A gift promise requires the promisee to provide consideration.

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Definitions:

Modern Language Association

An organization that promotes the study and teaching of language and literature, noted for its MLA formatting style guide.

Hot Wallets

Cryptocurrency wallets that are connected to the internet, facilitating easier transactions but also exposing them to greater security risks compared to cold wallets.

Cold Wallets

A secure offline wallet used for storing cryptocurrencies, offering protection from hacking or other electronic failures.