With Respect to Pledges and Subscriptions,courts Have Generally Held That

question 43

Multiple Choice

With respect to pledges and subscriptions,courts have generally held that these promises are:

• A) unenforceable.
• B) enforceable.
• C) enforceable only in cases involving amounts greater than $500.
• D) unenforceable if it is not made for a reasonable period of time.

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Definitions:

Triangular Model

Often refers to the Triangular Theory of Love, which outlines three components of love: intimacy, passion, and commitment.

Compassionate Love

A form of love characterized by mutual respect, attachment, and affection, with a strong focus on caring for the well-being of the other person.

Social Exchange Theory

A theoretical perspective that explains social behavior in terms of an exchange process, aiming to maximize benefits and minimize costs in relationships.

Economic Model

An abstract representation of economic processes, relationships, and theories used to predict or understand economic behaviors and outcomes.