Extrinsic Rewards Are Those That Are Given to a Person

question 177

True/False

Extrinsic rewards are those that are given to a person by someone else.

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Definitions:

Gratuitous Agent

An agent who acts on behalf of another without receiving any compensation.

Consideration

A fundamental element of a contract, referring to something of value exchanged between parties, such as services, goods, or money.

Contractual Capacity

The legal ability to enter into a binding agreement.

Agency Relationship

represents a legal arrangement where one party, the agent, acts on behalf of another party, the principal, in dealing with third parties.