If Kate Promises a Stereo to Uli,which of the Following

question 43

Multiple Choice

If Kate promises a stereo to Uli,which of the following holds true with regard to the idea of consideration?

• A)Uli will not be able to enforce Kate's promise if he has not done anything in return.
• B)Uli need not offer adequate consideration to Kate in return for her promise.
• C)Kate's promise need not be supported by consideration.
• D)Uli's consideration should be an act and not a promise.

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Definitions:

Labor-Force Participation

The percentage of the working-age population that is engaged in the labor market, either employed or actively seeking employment.

Minimum Wage

The lowest legally permissible hourly wage that companies can pay to employees.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing essential data related to labor economics, including employment, unemployment, and price statistics.

Labor Force

The total number of people who are currently employed or actively seeking employment within an economy.