Question: A gratuitous promise differs from a contract in that a . a gratuitous promise cannot lapse. b . it does not require the payment of

A gratuitous promise differs from a contract in that
a. a gratuitous promise cannot lapse.
b. it does not require the payment of money to the offeror by the offeree.
c. consideration flows only in one direction.
d. a gratuitous promise cannot be revoked.
Question 10 options:
a gratutitous promise cannot lapse
consideration only flows in one direction
a gratuitous promise cannot be revoked
it does not require the payment of money to the offeror or the offeree

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!