The Element That Distinguishes a Contract from a Gift Is

question 1

Multiple Choice

The element that distinguishes a contract from a gift is

• A)performance of the offeror's or donor's promise.
• B)the element of consideration which is present in a contract,but not in a gift.
• C)whether or not the offeree or donee accepts the offer.
• D)whether or not the subject of the gift or contract is illegal.

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Definitions:

Product

is any good, service, or idea that can be offered to a market to satisfy a want or need.

Swiss-Based Manufacturer

A company that engages in the production of goods and is headquartered in Switzerland.

Industrial Equipment

Machinery and tools designed for use in large-scale industrial production and operations.

Expert

An individual with extensive knowledge or skill in a particular area or field, often gained through experience or study.