Which of the Following Is NOT One of the Criteria

question 23

Multiple Choice

Which of the following is NOT one of the criteria which must be satisfied in order for 'past' consideration to be enforceable?

• A)At the time the past consideration was provided,the parties understood that it would be remunerated.
• B)The past consideration was identified after the promisor made their promise.
• C)The promise would have been enforceable if it had been promised in advance of the past consideration.
• D)The past consideration was provided at the promisor's request.

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Definitions:

Market Share

The portion of a market controlled by a particular company, product, or brand, often expressed as a percentage of total sales in that market.

Sales Revenue

The total amount of money generated by the sale of goods or services related to the company's primary operations.

Competitive Set

A group of firms, products, or brands that a company considers its competitors in the market when making strategic decisions.

Product Groupings

The categorization of products based on similarities in their characteristics, function, or target market.