Examlex
Public health nutrition director must have basic knowledge of accounting, preparing a budget, ______________, and preparing financial reports for all income and expenses generated in the unit.
Valid Consideration
An essential element in the formation of a contract, referring to something of value (such as goods, services, or money) exchanged by the parties that induces them to enter into the agreement.
Illusory Consideration
An apparent promise or agreement that lacks a real commitment and therefore does not form a binding contract.
Adequacy of Consideration
An evaluation of whether something of legally sufficient value has been given in exchange for a promise or action, as part of a contract.
Fair Market Value
An estimate of the market value of a property, based upon what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.
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