Participation in a Free Raffle Without Consideration Is Lawful, Because

question 44

True/False

Participation in a free raffle without consideration is lawful, because there is no lottery.

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Definitions:

Director

An individual appointed to serve on the board of an organization, responsible for overseeing and guiding the organization's policies, finances, and operations.

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a future specific date.

Fiduciary Duty

A duty required by law for one entity to prioritize the welfare of another while managing their finances, assets, or private data when given such responsibility.

Oppression Provision

Legal measures designed to protect minority shareholders in a company from unfair treatment by the majority.