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8.1_cj
Question | Answer |
---|---|
Consideration | What a person demands and generally must receive in order to make his or her promise legally binding |
Gift | Voluntary transfer of ownership without consideration |
Donor | Person giving a gift |
Donee | Person receiving a gift |
Forbearance | Refraining from doing what one has a right to do |
Promisor | Person who gives the promise or action in exchange for the promise or action of another |
Promisee | |
Legal Value | |
Nominal Consideration |