Once a Plaintiff Proves That There Was Offer,acceptance,and Consideration for the Promise,the

question 13

Essay

Once a plaintiff proves that there was offer,acceptance,and consideration for the promise,the court will ordinarily presume an intention to create legal relations.At that point,the court will also presume that two additional elements are present.What are these two additional elements and why does the court presume that they are present?

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Definitions:

Work in Process Inventory

Goods that are in the process of being manufactured but are not yet completed.

Direct Labor Hour

A measure of the labor time directly involved in the production of goods, often used in costing and budgeting.

Standard Quantities

Standard quantities refer to the predetermined amounts of material, labor, and overhead that should be used in the production of a good or service, serving as a basis for cost control and efficiency analysis.

Standard Rates

Predetermined costs or charges used for billing, budgeting, or for setting up baseline expectations for financial performance.