An Illusory Promise Is Valid Consideration

question 1

True/False

An illusory promise is valid consideration.

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Definitions:

Equity Securities

Equity Securities are financial assets representing ownership interest in a company, such as stocks, which provide voting rights and potential dividends.

Multinational Corporations

Multinational corporations are large companies that operate commercially in multiple countries, expanding their manufacturing, sales, and services beyond their original borders.

Foreign Exchange Rates

The price of one country's currency in terms of another country's currency.

Economic Conditions

Refers to the current state of the economy, including factors like unemployment rates, inflation, and GDP growth.