Will the Law Enforce Every Promise

question 38

Multiple Choice

Will the law enforce every promise?

• A) Yes,in all cases.
• B) Yes,with or without consideration.
• C) Generally yes,if consideration is given for the promise.
• D) Yes,but only if there is no consideration.

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Definitions:

Territory

An area of land under the jurisdiction of a ruler or state, or in commercial terms, designated geographic boundaries assigned to sales representatives or distributors.

Ethical Problems

are dilemmas or situations that require a choice to be made between actions that are right or wrong according to moral principles.

Corporate Sales Policies

Guidelines and principles set by a corporation to standardize and direct its sales practices, ensuring coherence and efficiency in sales operations.

Straight Commission

A compensation method where salespeople or employees are paid based purely on the sales they generate, as a percentage of the sales amount.