Which of the Following Would Most Likely Be Enforceable

question 55

Multiple Choice

Which of the following would most likely be enforceable?

• A) An agreement supported by past consideration
• B) A substitute agreement to settle an undisputed debt
• C) A debt agreed to seven years ago in a state where the statute of limitations is six years
• D) A promise following the rendering of emergency services that is not supported by new consideration

Interpret the terms and conditions of sales agreements, including payment and discount schedules.

Realize the role and benefits of efficient collection processes, including modern methods like lockbox systems and electronic transfers.

Understand the key concepts of social interaction and how they manifest in everyday life.

Identify and describe the effects of stereotypes and status cues on social perceptions and interactions.

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Definitions:

Followership

The behaviors of individuals acting in relation to leaders, emphasizing the role of followers in the leadership process and recognizing that effective followership is a vital component of effective leadership.

Definition

The statement of the meaning of a term or concept, providing clarity and understanding.

Textbook

A book containing detailed information and principles about a specific subject, often used as a standard or reference in education.

Followership Process

The dynamics and behaviors of individuals when they are in the role of followers, including how they support and interact with leaders.