Consideration Is Essential to an Enforceable Trust

question 13

True/False

Consideration is essential to an enforceable trust.

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Definitions:

Tariffs

Taxes imposed by a government on goods and services imported from other countries.

Quotas

Set limits or targets, usually pertaining to sales, production, or imports and exports, that a company or government aims to achieve.

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

Imports

Goods or services brought into one country from another for sale.