The Promisor May Make a Promise to Pay a Sum

question 43

True/False

The promisor may make a promise to pay a sum of money to the promisee for the performance of a certain act.

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Definitions:

Investment Securities

Financial instruments that can be bought, sold, or traded, such as stocks, bonds, or options.

Foreign Stocks

Shares of companies that are based outside of an investor's own country, offering a way to gain exposure to international markets and diversify investment portfolios.

Lower Labor Standards

The degradation or reduction of labor standards concerning wages, working conditions, and employees' rights.

Free Trade Area

A free trade area is a region where a group of countries have signed a free-trade agreement, reducing or eliminating trade barriers among them.