A Gratuitous Promise Is a Promise Made Without Consideration

question 21

True/False

A gratuitous promise is a promise made without consideration.

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Definitions:

Actuate

To cause a mechanical system or device to operate.

Air Tanks

Reservoirs used in pneumatic systems of vehicles, especially in air brake systems, to store compressed air needed for the operation of brakes and other components.

Diversification

The strategy of spreading investments among different financial instruments, industries, or other categories to reduce risk.