A Promise for a Charitable Purpose Will Be Enforced,despite the Absence

question 75

Multiple Choice

A promise for a charitable purpose will be enforced,despite the absence of consideration,when the promisee:

• A)can demonstrate need for the promised gift.
• B)relied on the promised gift.
• C)can demonstrate the promisor had a moral obligation.
• D)put the planned contribution in writing.

Understand the causes and consequences of misallocations due to price controls.

Understand the characteristics and consequences of operating within black markets, including the role of violence and the quality of products.

Comprehend the principles of supply and demand as they apply in both legal and black markets.

Analyze the effects of excise taxes on goods with different elasticity of demand and the concept of deadweight loss.

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Definitions:

Coordinating Conjunction

A word used to connect grammatically similar elements within a sentence, such as "and," "but," "or," "so," and "yet."

Punctuated Correctly

the use of symbols like commas, periods, and question marks in writing, following the rules of grammar to clarify meaning.

Lactose Intolerant

A condition in which individuals have difficulty digesting lactose, a sugar found in milk and dairy products, leading to gastrointestinal discomfort.

Conjunctions

Words used to connect clauses, sentences, or words in the same clause (e.g., and, but, if).