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:

Legally Required

An action or obligation that is mandated by law and must be complied with.

Industry Standard

The common and accepted criteria, practices, or technical specifications adopted by companies within a particular industry.

Sales Group Goals

The collective objectives or targets set by a sales team to achieve together within a specific timeframe.

Territory Size

Territory size refers to the geographic or market area assigned to a sales representative or team to target for sales opportunities.