Under the __________Approach,consideration Is Defined as a Benefit Received by the Promisor

question 33

Multiple Choice

Under the __________approach,consideration is defined as a benefit received by the promisor or a detriment incurred by the promisee.

• A) pro-con
• B) I win,you lose
• C) gain-loss
• D) benefit-detriment

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Definitions:

Incomes

Earnings accrued, especially periodically, from labor or investment gains.

Freedom To Farm Act

A U.S. federal law enacted in 1996 aimed at allowing farmers greater management flexibility in what they plant and produce.

Agricultural Price Supports

Government interventions to stabilize or increase agricultural product prices through mechanisms such as subsidies or purchase commitments.