To Establish Consideration,the Price Must Be

question 22

Multiple Choice

To establish consideration,the price must be:

• A)valuable,adequate and sufficient.
• B)valuable and either adequate or sufficient.
• C)valuable and adequate,but need not be sufficient.
• D)valuable and sufficient,but need not be adequate.

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Definitions:

Attrition

The gradual reduction in workforce through normal means, such as retirement or voluntary resignation, without actively replacing those positions.

Contract Workers

Individuals hired to perform specific tasks or projects for a limited period under a contract, rather than being permanent employees.

Full-time Employees

Employees who work a standard work week, typically defined by the employer, and often receive benefits such as health insurance.

Over-time

Additional hours worked beyond the standard workweek, typically compensated at a higher pay rate.