A Promise by One Party to Pay Another for Refraining

question 17

True/False

A promise by one party to pay another for refraining from an action that one has a legal right to undertake is enforceable.

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Definitions:

Neoliberalism

An economic and political ideology advocating for reduced government intervention in the economy, free-market principles, deregulation, and globalization to foster economic growth and efficiency.

Development Strategy

A plan of action designed to achieve specific long-term goals or outcomes, usually related to economic growth or societal improvement.

Industrializing

The process of transforming an economy to be based largely on manufacturing industries rather than agriculture.

Food Aid

Assistance given in the form of food to individuals or regions in need, often provided during crises or for development projects.