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:

Share Of Wallet

The percentage of the customer’s purchases made from a particular retailer.

Best Customers

Refers to the segment of a business's customer base that is most profitable, frequently making purchases and/or purchasing high-value items.

Mobile Commerce

The purchasing and selling of products and services via wireless portable devices like smartphones and tablets.

In-store Environment

The physical and atmospheric conditions inside a retail store, designed to influence buyers' emotions and behaviors.