The Contractual Requirement of Consideration Provides That

question 30

Multiple Choice

The contractual requirement of consideration provides that

• A)the contract must be given careful consideration before it is entered into.
• B)the offeror must pay cash for the offeree's promise to perform an act.
• C)an offeree must pay cash for the offeror's promise to perform an act.
• D)each party must give something of value in exchange.
• E)what is exchanged by the parties must be of equal value.

---

Definitions:

Goal-sharing Plans

Incentive schemes where organizational objectives are shared with employees, and rewards are offered based on achieving these goals.

Fundamental Ways

Basic or essential methods or approaches that form the foundation of procedures, behaviors, or operations.

Work-life Balance

The equilibrium between professional work and personal life, where neither negatively impacts the other, promoting overall well-being and satisfaction.

Outplacement Services

Support services provided by organizations to former employees to help them transition to new jobs, including resume assistance, interview coaching, and job search strategies.