The Requirement of Consideration Is Satisfied If "Some Money" Is

question 95

True/False

The requirement of consideration is satisfied if "some money" is promised in exchange for an act.

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Definitions:

Risk Level

The degree of uncertainty and/or potential financial loss inherent in an investment decision or policy.

Operating Leases

A lease agreement allowing a company to use an asset without ownership, typically with shorter terms, where the lessor bears the risk of obsolescence.

Noncancelable

A contract or agreement that does not allow for cancellation before its set expiration or end date.

Ownership

The state or fact of possessing, controlling, or having title to an asset or property.