Under a Contract with Valley View Villas,a Residential Development,Weng Begins

question 51

Multiple Choice

Under a contract with Valley View Villas,a residential development,Weng begins grading a terraced hillside.Halfway through the project,Weng asks for $5,000 over the contract price,claiming an increase in the "cost of doing business." Valley View agrees.This agreement to pay more is

• A) unenforceable because Weng's performance was a preexisting duty.
• B) unenforceable because Valley View's promise was illusory.
• C) enforceable.
• D) unenforceable because Weng's request modified the contract.

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Definitions:

Raw Materials

Basic materials and substances used in the initial stages of production to create goods and products.

Nonfinancial Measures

Nonfinancial measures refer to metrics used to assess aspects of a business's performance not directly related to financial outcomes, such as customer satisfaction, employee engagement, or environmental impact.

External Process Perspective

An approach that focuses on the inputs and outputs of processes, emphasizing interactions with external entities.

Balanced Scorecard

A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.