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Which of the following accounts is increased with a debit?
Illusory Promise
A statement or promise that is vague or lacks commitment and does not legally bind the person making it.
Illusory Promises
Statements or agreements that appear to assure a commitment or obligation but in fact do not actually bind the party to any specific action or result.
Unilateral Contract
A type of agreement where an offer can only be accepted through the performance of an action by the party receiving the offer.
Hard Drive
A data storage device used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.
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