Alpha Corp Entered into an Agreement with Beta Inc

question 47

True/False

Alpha Corp entered into an agreement with Beta Inc.Alpha promised to transfer certain equipment to Beta and Beta promised to pay $50 000 to Gamma Ltd.Alpha has provided sufficient consideration but Beta has not.

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Definitions:

Water

is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere and the fluids of most living organisms.

Marketable Title

Title for property to which the seller has legal title and against which there are no liens or restrictions of which the buyer is not aware.

Lien

A claim to property.

Real Property

Land and anything permanently attached to it, including buildings and natural resources.