If a New Company Starts with a Website Offering Free

question 78

True/False

If a new company starts with a website offering free services for teachers and later sells classroom posters,the company is generating revenue from "free" business model.

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Definitions:

Consensual Secured Transaction

A financial agreement where both parties agree to the deal, and collateral is provided to secure the transaction.

Debtor

An individual or corporation that owes money or a debt to another, known as the creditor.

Collateral

Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.

Contractual Defenses

Legal arguments that can be used to challenge the enforceability of a contract, such as incapacity, duress, or fraud.