Which of the Following Is the Best Example of a Transaction

question 52

Multiple Choice

Which of the following is the best example of a transaction that will be presumed to have the requisite intention to be legally enforceable?

• A)A father's promise to pay for his son's first car.
• B)A doctor's promises to visit her sick sister for a check-up.
• C)A business proprietor's promise to provide around-the-clock maintenance service for their products.
• D)A university student's promise to meet her friends at the pizza shop.

Recognize the importance and impact of social media tools in managerial practices.

Identify key strategic management tools such as SWOT analysis and their components.

Comprehend the role of strategic consensus and implementation in business success.

Appreciate the significance of rapid production, delivery, and continuous cost reduction in modern businesses.

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Definitions:

Plantation Work

Labor performed on large agricultural estates, historically associated with slavery and the cultivation of cash crops such as tobacco, cotton, and sugar.

Fugitive Slave Act

The Fugitive Slave Act was a law passed by the United States Congress in 1850 to provide for the return of slaves who escaped from one state into another state or territory.

American Colonization Society

An organization established in the early 19th century aimed at resettling free African-Americans to Africa; Liberia was a significant colony established by this society.

Liberia

A West African country founded in the 19th century by freed slaves from the United States.