In Which of the Following Instance Will a Contract Not

question 61

Multiple Choice

In which of the following instance will a contract not supported by consideration be enforceable? When the contract

• A)gives a benefit to a child
• B)concerns a sum of money in excess of $5000
• C)is made under seal
• D)concerns a sum of money in excess of $10,000.
• E)parties have the requisite intention to create legal relations

Recognize the role and structure of strategic business units within large corporations.

Understand the significance of segmenting, targeting, and positioning in the marketing planning process.

Learn about the importance of customer retention and loyalty programs for long-term profitability.

Understand how differentiating factors like brand name, customer satisfaction, and technology contribute to creating a competitive edge.

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Definitions:

Total Cost

The complete sum of all expenses incurred by a business or individual in producing a good or service.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, or insurance premiums.

Fixed Cost

Costs that do not change with the volume of production, such as rent, salaries, and equipment leases.

Total Cost

The complete cost of production that includes both fixed and variable costs incurred in making a product or providing a service.