Which of the Following Is True of a Gift Promise

question 60

Multiple Choice

Which of the following is true of a gift promise?

• A) A gift promise can be enforced in a court of law.
• B) A completed gift promise cannot be cancelled for lack of consideration.
• C) A gift promise contains considerations.
• D) The promisee can take legal action if the promisor does not uphold the promise.

Compute and understand the residual income concept and its significance in evaluating investment opportunities.

Grasp the importance of the minimum required rate of return in investment decisions.

Understand how sales, contribution margin ratio, and fixed expenses impact investment opportunities.

Understand how to calculate Return on Investment (ROI) and interpret its value.

---

Definitions:

Cognitive-behavioral Therapy

A form of psychotherapeutic treatment that aims to change patterns of thinking or behavior that are behind people's difficulties, and so change the way they feel.

Suicidal Behavior Patterns

Patterns of behavior that can lead to attempts or completed suicide, including verbal hints, giving away possessions, and previous attempts.

Virtual Reality Exposure

A therapeutic technique using virtual reality technology to expose individuals to stimuli related to their fears or disorders.

Systematic Desensitization

A therapeutic technique aimed at reducing anxiety or fear by gradually exposing the person to the stimuli while teaching relaxation techniques.