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If a Physician Orders a "Diet as Tolerated" for a Patient,the

question 28

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If a physician orders a "diet as tolerated" for a patient,the nurse should

Recognize the elements necessary for a binding contract, including bargained-for exchange and legal sufficiency.
Understand how promissory estoppel can create binding obligations in the absence of traditional consideration.
Explain the conditions under which modifications to contracts require additional consideration under common law versus the UCC.
Discuss specific transactions that are enforceable without consideration (e.g., promissory estoppel, moral obligations).

Definitions:

Debentures

Debentures are a type of long-term debt instrument that are not secured by physical assets or collateral but backed only by the general creditworthiness and reputation of the issuer.

Effective Interest Method

A method of amortizing the discount or premium on bonds payable that results in a constant rate of interest over the life of the bond.

Semiannual

Occurring twice a year; a term often used in the context of payments, reporting periods, or interest calculations.

Par Value

A nominal value assigned to a share of stock in the charter of a corporation, unrelated to market value.

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