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:

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The initial identification or observation of a phenomenon, principle, or resource, marking a seminal moment in the expansion of knowledge or exploration.

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The creation of a new product, process, or method that has not existed before, often protected by patents.

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