Examlex
Which of the following best illustrates the effect of formal institutions on human resource management?
Valid Consideration
Something of value (cash, services, goods, etc.) that is exchanged between parties in a contract, making the contract legally binding.
Preexisting Duty Rule
in contract law, states that an agreement to perform an act already legally obligated to is not sufficient consideration for a new promise.
Negative Information
Adverse details or data that can impact an individual or entity's reputation or creditworthiness.
Breach Of Contract
The failure to fulfill the terms or conditions of a contract without a lawful excuse.
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