What Is a Gratuitous Promise

question 78

Multiple Choice

What is a gratuitous promise?

• A)a promise for which no consideration has been given
• B)a promise which concerns an illegal subject matter
• C)a promise which concerns a subject matter contrary to public policy
• D)a promise for which inadequate consideration has been given
• E)a promise made to give a tip to a waitress at a restaurant

---

Definitions:

Economic Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off.

Water Use

The act of utilizing water resources for various purposes such as drinking, agriculture, industry, hygiene, and recreational activities.

Per Capita Real GDP

An economic measure that represents the inflation-adjusted gross domestic product divided by the total population, indicating the average economic output per person.

Per Capita Trash

Per Capita Trash is the average amount of waste generated by each person in a specified area within a given period of time.