Although Such a Gratuitous Promise Would Be Otherwise Unenforceable, Under

question 84

True/False

Although such a gratuitous promise would be otherwise unenforceable, under the UCC, any claim arising out of an alleged breach of contract can be discharged by a written renunciation signed and delivered by the aggrieved party.

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Definitions:

Canadian Class Structure

The hierarchical organization of social classes in Canada, affecting access to resources and social status.

Old Money

Wealth that has been inherited over several generations, often associated with families that maintain a high social status.

Property Upkeep

The maintenance and repairs required to keep a property in good condition.

Horizontal Mobility

The movement of individuals or groups across similar socioeconomic levels or positions without significant change in their status.