Under the __________Approach,consideration Is Defined as a Benefit Received by the Promisor

question 33

Multiple Choice

Under the __________approach,consideration is defined as a benefit received by the promisor or a detriment incurred by the promisee.

• A) pro-con
• B) I win,you lose
• C) gain-loss
• D) benefit-detriment

---

Definitions:

Founders

Individuals who establish and begin businesses, organizations, or startups, taking on the risks and responsibilities of creating something new.

Inventory Sale

A transaction involving the sale of products that a company has in stock, typically aimed at reducing excess inventory.

Raw Materials

Basic materials or substances used in the primary production or manufacturing of goods.

Competitors

Other businesses or individuals that offer similar products or services within the same market, often competing for the same customer base.