In a Valid Contract, Consideration Can Take the Form of Which

question 58

Multiple Choice

In a valid contract, consideration can take the form of which of the following?

• A) a previous contract
• B) a promise to perform part of a specific act
• C) property
• D) nonmonetary payments

Understand the process and significance of administrative law judge decisions in agency disputes.

Know the criteria for deference by courts to agency interpretations of law.

Understand the rulemaking process including notice-and-comment rulemaking.

Recognize the powers of administrative agencies in enforcement and investigations.

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Definitions:

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Operating Activities

The day-to-day actions that are involved in running a business and generating revenue, including production, sales, and service delivery.

Existing Capacity

The current maximum output or production level that a facility or factory can achieve using its available resources.

Accounts Payable

Short-term liabilities representing money owed by a company to its creditors for goods and services that have been purchased on credit.