Rory Questions Whether There Is Consideration for His Contract with Silver

question 13

Multiple Choice

Rory questions whether there is consideration for his contract with Silver Spurs Club to exchange his performance of country music on certain dates for Silver's payment of a certain amount. To constitute consideration, the value of whatever is exchanged must be

• A)objectively worthy.
• B)precisely adequate.
• C)legally sufficient.
• D)practically sound.

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Definitions:

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals effectively and efficiently.

Union Employee

A worker who is a member of a labor union, which represents their interests in negotiations with employers.

Wage Increase

An upward adjustment in the amount of money paid to an employee for their work, typically expressed as a percentage of their current wage.

National Income

The total value of all goods and services produced by a country's economy in a given year, after adjusting for income received from abroad.