A Checking Deposit in a Bank Is Considered ________ of That

question 190

Multiple Choice

A checking deposit in a bank is considered ________ of that bank.

• A) an asset
• B) a liability
• C) net worth
• D) capital

Distinguish between bilateral and unilateral contracts and their respective considerations.

Assess the role of adequacy of consideration in contract enforcement and exceptions related to fraud.

Explain the preexisting duty rule and its exceptions, including additional work and unforeseen circumstances.

Identify the characteristics and enforceability of illusory promises in contracts.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors, thoughts, and patterns of social interaction.

Pleasure Principle

A concept in psychoanalytic theory that seeks immediate gratification of needs and desires without consideration for the moral or societal constraints.

Moral Conscience

An inner sense of right and wrong that guides a person's beliefs and actions.

Personality

The unique combination of emotional, attitudinal, and behavioral response patterns of an individual.