The following obligations are valid, except “I promise to give you P 220,000 on November 30, 2019.” “I promise to give you P 220,000 if your patient dies.” “I promise to give you P 220,000 if you pass the May 2019 CPA Board Examination.” “I promise to give you P 220,000, if I go to Sampaloc, Quezon this weekend.”

The following obligations are valid, except “I promise to give you P 220,000 on November 30, 2019.” “I promise to give you P 220,000 if your patient dies.” “I promise to give you P 220,000 if you pass the May 2019 CPA Board Examination.” “I promise to give you P 220,000, if I go to Sampaloc, Quezon this weekend.”

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 56P

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