In Comparing the Isolated Store to the Unplanned Business District

question 14

Multiple Choice

In comparing the isolated store to the unplanned business district and planned shopping center,the major disadvantage of the isolated store is _____.

• A)high rents
• B)the absence of flexibility in store operations
• C)the absence of affinities
• D)lack of convenience in planning

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Definitions:

Consideration Requirement

The legal principle that a contract must involve a bargain or exchange of value between the parties to be enforceable.

Existing Contract

A legal agreement that is currently in place and governs a relationship between parties at the present time.

Past Consideration

Something of value that has been given or promised in the past and cannot serve as consideration for a current contract due to its occurrence before the contract was made.

Present Promise

A vow or commitment to take action or uphold terms at the current time.