Consideration Is Not Required for an Assignment to Be Effective

question 84

True/False

Consideration is not required for an assignment to be effective.

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Definitions:

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Automobiles

Wheeled vehicles powered by engines, primarily used for personal transportation.

Breakfast Cereals

Manufactured food products made from processed grains that are often eaten as the first meal of the day.

Recession

A short-term downturn in the economy characterized by decreased trade and industrial production, typically marked by a decline in gross domestic product (GDP) for two consecutive quarters.