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While checking a simple series 115-V circuit containing a fuse, a switch, and a light bulb, the technician's voltmeter reads 115 volts across the light bulb socket. The light bulb is not on. He correctly concludes that the ____________________ is defective.
Promise
A declaration or assurance by one party to another that a particular action or condition will occur or be met, potentially forming the basis of a contractual obligation.
Consideration
Something of value that is promised, given, or done that persuades a party to enter into a contract, making the contract legally enforceable.
Contract
A legally binding agreement between two or more parties that is enforceable by law.
Gift
A voluntary transfer of property or funds from one person to another without expectation of payment or compensation.
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