Use the following diagram to answer the following questions.
-Refer to Minimum Wage. The imposition of a minimum wage would:
Definitions:
Legal Consideration
An essential element in contract law that refers to something of value exchanged between parties as part of an agreement, which is necessary for the contract to be enforceable.
Promissory Estoppel
A legal principle that enforces a promise in absence of a formal contract, provided individuals have acted in reliance on that promise.
Past Service
The period of service that is counted for the purposes of calculating pensions or other benefits, often before the current benefit plan was in place.
Consideration Requirement
In contract law, this is a necessary element that refers to something of value promised in exchange for a specific action or non-action.
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