Four Types of Resources That Can Be Used to Achieve

question 46

True/False

Four types of resources that can be used to achieve desired objectives are financial, physical, human, and technological.

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Definitions:

Disputed Debt

A disagreement between a creditor and a debtor over the existence, amount, or terms of repayment of a debt.

Mutual Assent

refers to the agreement between parties in a contract, shown by a valid offer and acceptance, which is required for a contract to be enforceable.

Valid Consideration

Valid Consideration is a necessary component of a legally binding contract, involving something of value exchanged between the parties involved.

Adequate Consideration

Something of value that is deemed by law to be sufficient grounds for enforcing a party's obligation under a contract.