Consideration Is Not Necessary in Order to Enforce a Trust

question 45

True/False

Consideration is not necessary in order to enforce a trust.

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Definitions:

Imports

Goods and services purchased from other countries, contributing to a country's consumption beyond domestic production.

Italy

A country located in southern Europe, known for its rich history, cultural landmarks, and significant contributions to art, food, fashion, and science.

Licensing Agreements

Licensing Agreements are legal contracts between two parties, where the licensor grants the licensee the right to use a product, service, or property, typically intellectual property, under certain conditions.

Technology Transfer

The process by which technology, skills, knowledge, or manufacturing methods are moved from one organization, country, or entity to another.