D Promises G: 'If You Give Me £10, If Your

question 2

True/False

D promises G: 'If you give me £10, if your house is flooded in a storm, I will pay for its repair'. G's house is flooded in a storm. Is D contractually bound to G?

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Definitions:

Globalization

The growth and spread of investment, trade, production, communication, and new technology around the world.

Spread of Investment

The diversification of investments across different sectors, assets, or geographies to reduce risk and achieve a more stable return.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Communication

The process of transferring information, ideas, emotions, and intentions between individuals through verbal, non-verbal, written, or visual means.