Which of the Following Is Correct with Regard to Consideration

question 9

Multiple Choice

Which of the following is correct with regard to consideration?

• A) In a unilateral contract, a promise is exchanged for an act or forbearance to act.
• B) In a bilateral contract, there is an exchange of promises.
• C) Legal sufficiency is always related to adequacy of consideration.
• D) Two of these are correct.

---

Definitions:

Fair Day's Work

The expectation of a reasonable amount of work to be completed by an employee within a workday.

Classical Stopwatch Study

A time study method where a timekeeping device is used to measure the time it takes for a worker to perform a set of tasks or operations.

Time Study

Timing a sample of a worker’s performance and using it as a basis for setting a standard time.

Labour Standards

Benchmarks or criteria used to measure the expected performance or productivity of workers within a specific time period.