Contests and Sweepstakes Are Both Forms of Sales Promotions, but a Contest

question 117

True/False

Contests and sweepstakes are both forms of sales promotions, but a contest requires some sort of skill or effort, while a sweepstakes is a drawing of entrants' names.

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Definitions:

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.

Non Est Factum

A plea asserting that an agreement is void because the signer was unaware of its essence due to deception or misunderstanding.