What Does 'Consideration Need Not Be Adequate, but It Must

question 1

Multiple Choice

What does 'consideration need not be adequate, but it must be sufficient' mean?

• A) The acts and promises must be of value in the eyes of the law, but need not be a 'good bargain'.
• B) The acts and promises must be done at the request of the promisor.
• C) A reasonable sum must be paid for the goods or services rendered.
• D) A particular sum must be paid for the goods or services rendered.

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Definitions:

Implicit Theory

Implicit theory relates to the assumptions or beliefs that individuals hold about how the world works or how certain characteristics affect human behavior, often without conscious awareness.

Leadership Perception

How followers, team members, or colleagues view or interpret the attributes, behaviors, and effectiveness of a leader.

Frame Vision

The ability to conceptualize and communicate a compelling view or perspective that orients and inspires others towards a common goal.

Transformational Leaders

Leaders who inspire and motivate followers to achieve extraordinary outcomes and in the process develop their own leadership capacity.