An Ideal Case on Point Would Have Which of the Following

question 74

Multiple Choice

An ideal case on point would have which of the following elements in common with your case?

• A) The parties
• B) The circumstances
• C) The legal issues involved
• D) The parties and the legal issues involved only
• E) The parties, the circumstances, and the legal issues involved

Grasp the roles and responsibilities of designated category leaders.

Learn how demand uncertainty affects manufacturer-retailer relationships and the use of contracts to ensure product availability.

Understand the foundational elements necessary for successful collaborative planning, forecasting, and replenishment (CPFR) in supply chains.

Understand the concept and disadvantages of vendor-managed inventory.

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Definitions:

Preexisting Duty

A duty that already exists under contract law, which cannot be used as consideration for a new promise or contract.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Consideration

The value (which could be in the form of goods, services, or money) exchanged between parties in a contract, making the agreement legally binding.

Legally Sufficient Consideration

A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.