A Gratuitous Promise Differs from a Contract in That

question 45

Multiple Choice

A gratuitous promise differs from a contract in that

• A)a gratuitous promise cannot lapse.
• B)it does not require the payment of money to the offeror by the offeree.
• C)consideration flows only in one direction.
• D)a gratuitous promise cannot be revoked.
• E)the terms of a gratuitous promise are not precise enough to be binding.

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Definitions:

Descriptive Research

Research methodologies focused on observing, describing, and documenting aspects of a situation as it naturally occurs.

Rational Manner

Thinking or behaving based on logic, reason, and careful consideration of facts rather than emotions or personal biases.

Organizational Politics

The use of power and social networking within an organization to achieve changes that benefit the organization or individuals within it.

Autocratic Decision

A decision-making process where the leader makes decisions unilaterally without input from others.