Applied Methods Corporation Promises to Give Stock Options to Belden,a

question 32

Multiple Choice

Applied Methods Corporation promises to give stock options to Belden,a production designer,for processes he has already designed. This promise is

• A)enforceable because it is a new contract.
• B)enforceable because it is an illusory promise.
• C)enforceable because it is supported by past consideration.
• D)unenforceable.

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Definitions:

Annual Performance Review

A structured evaluation process in which an employee's job performance is assessed, typically once a year, by their supervisor or manager.

Department

A distinct area, division, or branch within an organization or institution, specializing in a specific field of activity.

Loan Manager

An individual responsible for overseeing and directing the loan process within a financial institution.

Effective Apology

An apology that acknowledges wrongdoing, conveys remorse, offers a clear statement of regret, and, where possible, makes amends.