-In the above figure, point C represents
Definitions:
Promised Gift
A commitment to transfer ownership of an item or property to someone else without expecting something in return.
Consideration
A value promised in a contract that each party agrees to exchange, which is necessary for a valid agreement.
Liquidated Debts
Debts for which the amount owed is known and agreed upon by all parties involved.
Unliquidated Debts
Unliquidated debts refer to obligations or claims for which the exact monetary value has not been determined, often pending further assessment or legal resolution.
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