Which of the Following Agreements Is Supported by Consideration

question 9

Multiple Choice

Which of the following agreements is supported by consideration?

• A) Peter owes William £9,000. Peter cannot pay off the debt and his father, Chester, offers William £5,000 in full and final settlement.
• B) Steven has hired the son of his principal investor, Mark, to sit on the board of his company. Mark frequently goes out drinking or gambling and is lazy at work. To ensure that he makes a good impression on a business trip to Asia, Steven promises to pay Mark an additional £1000 if he promises to behave himself.
• C) Hannah is planning to go to the seaside this weekend. She tries to convince Robert to come along, but he is pessimistic about the weather. Hannah promises to buy Robert dinner if it rains this weekend.
• D) None of the options given is correct.

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Definitions:

Formal Hierarchy

An organizational structure where positions and roles are clearly defined, establishing clear lines of authority and communication.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Autonomy

The capacity to make an informed, uncoerced decision; in the workplace, it often refers to the level of independence and self-direction an employee has.

Participation

The act of taking part or becoming involved in activities, processes, or discussions, often contributing to a group or community effort.