An Executory Promise Does Not Constitute Sufficient Value to Make

question 17

True/False

An executory promise does not constitute sufficient value to make the promisor a holder.

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Definitions:

Bureaucratic Inefficiency

The occurrence of delays, excessive costs, or lack of responsiveness within an organization or government, often due to complex procedures and red tape.

Disaster Relief

Assistance and resources provided to individuals, communities, and countries in the event of natural or human-made disasters to facilitate recovery.

FEMA

The Federal Emergency Management Agency, a U.S. government body responsible for coordinating response to disasters that overwhelm local and state authorities.

Government Accountability

The responsibility of government officials and entities to be answerable for fiscal and social decisions, ensuring transparency and good governance.