Brad Defends Against a Breach-Of-Contract Suit by College Credit Corporation

question 36

Multiple Choice

Brad defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan accruing interest at a certain rate and payable beginning on a certain date-was unfair because the consideration for their contract was inadequate.
-Refer to Fact Pattern 11-2.A court is most likely to evaluate the adequacy of consideration if

• A)a thing exchanged has no intangible value to one of the parties.
• B)something exchanged is not of direct economic or financial value.
• C)the items exchanged were of unequal value.
• D)there is a gross disparity in the value of the consideration exchanged.

Understand the importance and function of job descriptions in organizational settings.

Identify the components and structure of effective job descriptions.

Distinguish between exempt and nonexempt positions and how job descriptions vary for each.

Recognize the necessity of involving job incumbents in the development of job descriptions.

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Definitions:

Scientific Judgments

Decisions or conclusions based on empirical evidence and logical reasoning within the scientific method.

Economists

Professionals specialized in the study of how societies use resources to produce valuables and distribute them among individuals.

Regulation

The imposition of rules by government, often intended to manage an economy or ensure compliance with standards.

Department Of The Treasury

A government department responsible for managing government revenue, producing currency, and administering fiscal policies.