A Gratuitous Promise Is a Promise Made Without Consideration

question 27

True/False

A gratuitous promise is a promise made without consideration.

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Definitions:

Disputes

Conflicts or disagreements between parties that can arise from differing views, interests, or claims.

Arbitrators

Individuals or panels appointed to settle disputes or conflicts, typically outside of court, by making a decision after hearing each party's case.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Environment

Refers to the surrounding conditions and factors that affect living organisms, including natural, cultural, and built environments.