Discuss the Procedures Involved In, and the Purpose Of, a Surprise

question 113

Essay

Discuss the procedures involved in, and the purpose of, a surprise payroll audit.

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Definitions:

Standard Form Contract

A contract with fixed terms prepared by a business.

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Binding

Having the effect of a legal obligation that must be adhered to; able to enforce a legal obligation.

Postbox Rule

A legal principle that specifies the exact moment a contract is considered accepted, which is when an acceptance is communicated, even if it has not yet been received by the offeror.