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Josie Was Brought in for an Assessment by Her Mother

question 21

Multiple Choice

Josie was brought in for an assessment by her mother who suspects Josie may be demonstrating signs of an intellectual disability. In order to determine if Josie meets criteria for an intellectual disability, the clinician must establish that Josie demonstrates deficits in ____ and ____.

Understand how promissory estoppel can create binding obligations in the absence of traditional consideration.
Explain the conditions under which modifications to contracts require additional consideration under common law versus the UCC.
Discuss specific transactions that are enforceable without consideration (e.g., promissory estoppel, moral obligations).
Discriminate between enforceable promises and non-binding promises such as illusory promises and past consideration.

Definitions:

Ledger Account

A record that summarizes all the transactions related to a particular item or individual in the accounting system, facilitating the preparation of financial statements.

Service Revenue

Revenue generated from the provision of services to customers.

Accounts Receivable

Accounts Receivable refers to the money owed to a company by its customers for products or services delivered or used but not yet paid for.

Trial Balance

A bookkeeping report that lists the balances of all ledger accounts to verify that total debits equal total credits.

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