Examlex
The internationally integrated structure is one type of organizational structure used by U.S. firms for their international operations. Which of the following statements is true about internationally integrated structures?
Promise
A commitment or assurance given by one party to another that they will do or not do something in the future.
Offeror
The party in a contractual agreement who proposes the terms of an offer to another party (the offeree).
Consideration
Consideration refers to something of value promised to another party in exchange for something else, forming a legal reason for parties to enter into a contract.
Common Law
A body of unwritten laws based on legal precedents established by the courts, distinct from statutory law.
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