An Accident on a State Highway Rendered Jill in Comatose

question 64

Multiple Choice

An accident on a state highway rendered Jill in comatose state for nearly a month.There was an old nurse who used to take care of her then.After her recovery,Jill felt so indebted to the nurse that she contracted to transfer all her assets to her to fulfill her (Jill's) moral obligation.Although this contract lacks ______,it can be enforced.

• A) value
• B) consideration
• C) acceptance
• D) capacity

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Definitions:

Pricing Formula

A method or equation used to determine the selling price of a product or service, taking into account factors like cost, demand, and competition.

Normally Distributed

A statistical distribution where data is symmetrically distributed around the mean, resembling the shape of a bell curve.

Straight Bond Value

The present value of future cash flows, such as interest payments and the return of principal, from a bond with no embedded options.

Convertible Bond

This bond offers the option to be exchanged for a set amount of the company's shares at various points during its term, often at the preference of the individual holding the bond.