An Illusory Contract Lacks Consideration Because One Side Actually Agrees

question 43

True/False

An illusory contract lacks consideration because one side actually agrees to suffer no "detriment."

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Definitions:

Net Operating Income

Income generated from normal business operations after deducting operating expenses but before interest and taxes.

Marketing Manager

A professional responsible for overseeing and guiding a company's marketing strategies and campaigns.

Advertising Campaign

A series of advertisement messages that share a single idea and theme aimed at reaching a particular audience.

Net Operating Income

The earnings a business achieves following the removal of operational costs from the income earned through its activities.