An Indefinite Promise Is Not a Valid Offer and Cannot

question 39

True/False

An indefinite promise is not a valid offer and cannot lead to a valid and enforceable offer.

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Definitions:

Price Stability

A situation in which prices in an economy do not change significantly over time, avoiding periods of inflation or deflation.

CPI

A gauge of the average price levels for a mix of consumer services and products like medical care, transportation, and food, the Consumer Price Index assesses this through a weighted average.

Deflation

A decrease in the general price level of goods and services in an economy over time.

European Nations

Countries located in the continent of Europe, each with its own government, culture, and economy.