Pride is a positive emotion. However, unchecked pride is hubris, which is not positive.

An illusory promise is created when

a. The promise is conditional on any other event happening first. b. The promise is conditional on an event happening first that is outside the promissor's control. c. The promise is conditional on an event happening first that is totally within the promissor's control. d. The promise cannot be performed within 1 year of the contract date.

Factored receivables sold without recourse are classified as a liability

Indicate whether the statement is true or false.