Which of the Following Statements Is Not Correct

question 8

Multiple Choice

Which of the following statements is not correct?

• A)Consideration must have a legally recognised value.
• B)Consideration must be possible to perform.
• C)Consideration must be lawful.
• D)Consideration can be vague if it involves the performance of an existing moral obligation.

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Definitions:

Fashion Product

A commodity related to the fashion industry, including clothing, accessories, and footwear, designed to satisfy consumer tastes and preferences.

Life Cycle Curve

A graphical representation of the stages through which a product goes from its introduction to the market through its growth, maturity, and eventual decline.

Early Adopters

A category of consumers who are among the first to purchase and use a new product or technology, often before the wider market adoption.

Product Life Cycle

The advancement of a product through phases such as its launch, growth, peak, and eventual decline in the marketplace.