Even If the Terms of a Contract Express Such Certainty

question 70

True/False

Even if the terms of a contract express such certainty of performance that the promisor has not definitely promised to do anything, the promise binds the promisor.

---

Definitions:

Present Value

The immediate fiscal worth of a future amount of money or cash flow streams, discounted with a specific rate of return.

Future Value

The value of an investment or cash flow at a specified future date, based on an assumed rate of growth or return.

Financial Calculator

A specialized calculator used to perform financial functions, such as calculating interest rates, payments, and investment values.

Time Periods

Time periods refer to specific lengths or intervals of time which are used for measuring, analyzing, or specifying durations, often within financial, managerial, or planning contexts.