LoJacks Convey ________ to Third Parties

question 200

Multiple Choice

LoJacks convey ________ to third parties.

• A) positive externalities
• B) negative externalities
• C) economies of scale
• D) public goods

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Definitions:

Illusory Contract

An agreement that lacks a real obligation from one or more parties, making it unenforceable.

Implied

Describes something that is suggested or understood without being directly expressed or stated.

Conditions

Terms or elements in contracts that affect how parties' responsibilities are enforced or interpreted.

Conditions Precedent

Legal terms that must be met before a party is required to perform under a contract.