Gerry and Juanita Agree That Tracey Must Pay Each of Them

question 23

True/False

Gerry and Juanita agree that Tracey must pay each of them $10 per month. They sign a contract and show it to Tracey, who makes no objection to it. Either Gerry or Juanita may enforce the contract against Tracey if she fails to pay.

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Definitions:

Tradable Property

Assets that can be easily bought, sold, or traded on various markets.

Suggestive Mark

A type of trademark that suggests rather than describes a characteristic of the goods or services to which it is attached, requiring consumer imagination to discern the nature.

Imagination

The ability of the mind to be creative or resourceful, often referred to in contexts beyond legal or technical definitions.

Goods

Goods are tangible items that are manufactured or produced for sale or use, including consumer products, machinery, food items, and more.