Which of the Following Would Be an Unconditional Promise or Order

question 10

Multiple Choice

Which of the following would be an unconditional promise or order to pay?

• A) "I hereby acknowledge my debt to John Jones."
• B) "I hereby promise to pay $2,000 to John Jones provided the lawn tractor sold meets the contractual specifications."
• C) "Pay to the order of bearer ten dollars."
• D) "IOU fifty dollars."

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Definitions:

Self-interested Elite

This refers to a group of individuals at the top of the social hierarchy who act primarily out of their own interest, often at the expense of the broader society.

Economic Boycott

The refusal to buy, use, or participate in goods and services from a company, country, or group as a protest or to force political or economic change.

Guantanamo Bay

A U.S. naval base in Cuba, controversially known for its detention camp where suspected terrorists are held without trial.

Capitalism and Democracy

The relationship or system in which a mainly capitalist economy coexists with a democratic political system, emphasizing the interplay between economic freedom and political rights.