To Be Legally Sufficient,consideration Must Include Something of Economic Value

question 25

True/False

To be legally sufficient,consideration must include something of economic value.

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Definitions:

Immigration

The process of individuals moving into a new country with the intention of permanent residence.

Total Output

The total amount of goods and services produced by an economy or a firm within a specific period.

Productive Capacity

The maximum output a company, sector, or economy can produce using its current resources efficiently.

Wage Bill

The total amount of money paid by businesses to their employees for work performed, typically over a specific period.