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Which Answer Reflects (In This Order) a Good, a Service

question 217

Multiple Choice

Which answer reflects (in this order) a good, a service, and an idea that can be marketed?


Definitions:

Third-Party Beneficiary

A person who is not directly involved in a contract but is entitled to benefits from its performance by the contracting parties.

Gratuitous Agent

An agent who acts without being paid for his or her services.

Consideration

The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.

Authority

The power or right to make decisions, give orders, and enforce obedience.

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