Which of the following constitutes legal consideration?
A) A promise based upon a change in duties and payments
B) A promise based upon past consideration
C) A promise based upon a moral obligation
D) A promise based upon a preexisting duty
E) A promise to make a gift
A
Business
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Long-term liabilities include
a. obligations not expected to be liquidated within the operating cycle. b. obligations payable at some date beyond the operating cycle. c. deferred income taxes and most lease obligations. d. all of these.
Business
If a central bank wishes to "defend its currency," it might follow an expansive monetary policy, which would drive real rates of interest up
Indicate whether the statement is true or false.
Business