The Element That Distinguishes a Contract from a Gift Is

question 1

Multiple Choice

The element that distinguishes a contract from a gift is

• A)performance of the offeror's or donor's promise.
• B)the element of consideration which is present in a contract,but not in a gift.
• C)whether or not the offeree or donee accepts the offer.
• D)whether or not the subject of the gift or contract is illegal.

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Definitions:

Promotion

Marketing strategies and tactics used to increase awareness, interest, and sales of a product or service.

Marginal Subcontracting Cost

The additional cost incurred by hiring a subcontractor to produce one more unit of a good or service.

Layoff Cost

The expenses associated with terminating employees, including severance pay, legal fees, and potential impacts on remaining staff’s morale and productivity.

Hiring And Training Cost

Involves the expenses incurred during the recruitment and development of new employees, encompassing advertising, interviewing, onboarding, and educational programs.