Past Consideration Is Valid but Future Consideration Is Not Valid

question 75

True/False

Past consideration is valid but future consideration is not valid consideration in contract law.

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Definitions:

Promotion

One of the four main elements of the marketing mix, it increases company sales by communicating product information to potential customers.

Source Objection

A type of sales objection where the customer hesitates or refuses to buy based on the credibility or reputation of the source or seller.

Established Companies

Companies with a long history of operation, which have demonstrated stability and growth over time.

Source Objection

Identifying and addressing potential concerns or reasons a prospect might have for not making a purchase.