Past Actions Unbargained for by the Parties in an Agreement

question 65

True/False

Past actions unbargained for by the parties in an agreement can become valid consideration for a contract.

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Definitions:

Self-managed Team

A group of employees tasked with planning and controlling their work processes, schedules, and the allocation of tasks without direct supervision from management.

Mutual Problems

An issue or challenge shared by multiple parties that requires collaborative resolution efforts.

Functional Teams

Groups organized around specific roles or tasks, aimed at enhancing operational efficiency and effectiveness.

Diversity Teams

Teams comprised of members from a variety of backgrounds, perspectives, and experiences, leveraging differences to achieve superior results.