I dont get it what is the meaning
Answer:
b. False
Explanation:
Equity carve- out is an investment strategy executed by corporations. It involves a company selling minority shares through an Initial Public Offerring (IPO) to the external investors with an objective of partially divesting their subsidiaries or business units . This way, the management would retain majority stake and control over the parent company and sell limited shares of its division to the public.
Answer:
<u>B) No, there was insufficient consideration because Sue did not promise anything in exchange</u>
Explanation:
Remember, in law for there to be consideration there must be something of value (between the parties concerned, which is exchanged for the performance or promise of performance by the other party (such performance itself is consideration).
Thus, it could be said that Marcy's agreement to throw a party for Sue lacked insufficient consideration since there was no stated value because Sue did not promise anything in exchange.
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