Cornelius, an elderly bachelor, was at the town café. In front of several witnesses who will vouch for the story, Cornelius ,made the following statement to Barbara, a young waitress: "I can't give you a castle in Spain. But if you marry me, I will deed to you a half interest in Meadowland Acres, the best farm in the county. And I'll give you 75 cows, 200 hogs, & 5,000 chickens." Barbara said, "I will," and they were married. Is Cornelius legally bound to keep his promise to transfer the property? Why or why not? *

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a

for storing the moneys

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.