What is a gratuitous promise?
A) a promise for which no consideration has been given
B) a promise which concerns an illegal subject matter
C) a promise which concerns a subject matter contrary to public policy
D) a promise for which inadequate consideration has been given
E) a promise made to give a tip to a waitress at a restaurant
A
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Good ways to convince a large retailer to take a chance on your product include all but:
a. Show them solid sales figures from your direct marketing efforts b. Sell through an e-tailer first to establish your sales numbers c. Offer to sell it on consignment d. All of the following will work
If an agent competes with the principal without the principal's permission, the principal may recover profits made by the agent
Indicate whether the statement is true or false