Examlex
Jamele has inherited a team of low performers. She is eager to change their performance levels, so she will most likely begin by changing ______.
Contract
A legally binding agreement between two or more parties that is enforceable by law, outlining obligations and rights of the parties involved.
Illusory Contract
A supposed agreement that lacks the necessary elements of a binding contract, giving the illusion of a mutual contract without any enforceable commitment.
Consideration Requirement
The consideration requirement is a fundamental principle of contract law that mandates a contract must involve an exchange of value between the parties for it to be legally binding.
Monetary Value
The specific amount of money something is worth, often determined by market conditions, demand, and utility.
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