A Contract Need Not Arise from a Bargained-For Exchange

question 68

True/False

A contract need not arise from a bargained-for exchange.

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Definitions:

Roosevelt's Inauguration

The ceremony marking the beginning of Franklin D. Roosevelt's presidency, notable for his speech declaring the only thing to fear is "fear itself" during the Great Depression.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stable prices and exchange rates.

Consumer Faith

The confidence and trust that consumers have in the quality, safety, and reliability of the products and services they purchase.

Foreign Banks

Financial institutions based in one country but offering services in another, often playing significant roles in global finance and investment.