As It Pertains to Consideration,which of the Following Does NOT

question 32

Multiple Choice

As it pertains to consideration,which of the following does NOT constitute value?

• A)an illusory promise
• B)an act
• C)a forbearance
• D)a promise to act

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Definitions:

Economic Forecasts

Predictions about future economic activity, including growth rates, inflation, and labor market conditions, based on current and historical data.

In-kind Transfer

In-kind transfers are non-cash distributions of goods or services from governments or organizations to individuals, aimed at assisting with basic needs such as food and housing.

Welfare Payments

Financial assistance provided by a government to individuals in need.

Food Stamps

A government-issued voucher used to purchase food by those in need, as part of social welfare programs.