A Promise That Gives a False Impression of a Contract

question 18

Multiple Choice

A promise that gives a false impression of a contract is

• A)illusory.
• B)unconscionable.
• C)preexisting duty.
• D)consideration.

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Definitions:

Absolute Need

An absolute need refers to a requirement that is essential for survival or to maintain a certain quality of life, without which a significant detriment occurs.

Growing Too Fast

A scenario where a business expands at a rate that may be unsustainable, leading to potential operational, financial, or quality control problems.

Entrepreneurs Start

The initial phase in which an entrepreneur identifies an opportunity, gathers resources, and launches a new business or venture.

Lean Start-ups

A methodology for developing businesses and products that emphasizes rapid prototyping, a focus on customer feedback, and iterative design, to reduce market risks and costs.