Non-Business Organizations Often Operate Educational and Religious Services for Profit

question 38

True/False

Non-business organizations often operate educational and religious services for profit.

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Definitions:

Consideration

In contract law, consideration refers to something of value exchanged between parties as part of an agreement, serving as the necessary element for a valid contract.

Assignee

A person, corporation, or entity to whom rights or interests have been transferred by another.

Delegatee

A person to whom duties, responsibilities, or authority is transferred from another, the delegator.

Delegator

A person or entity that assigns tasks or authority to others to carry out specific duties.