Processes That Require Relatively Little Attention Are ___________; However, Processes

question 53

Multiple Choice

Processes that require relatively little attention are ___________; however, processes that require relatively large amounts of attention are ________

• A)controlled; automatic.
• B)encoded; stored.
• C)stored; encoded.
• D)automatic; controlled.

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Definitions:

Past Consideration

Anything given or promised to be given in the past, which cannot be considered valuable in the context of forming a current contract.

Law of Consideration

A principle in contract law that requires an exchange of something of value between the contracting parties.

Specific

Clearly defined or identified; particular and distinct.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise.