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SCENARIO 4-10
Julie wishes to apply Maslow's hierarchy in her workplace.She is interested in how various employee needs are met by the organization.
Social needs can be met by providing employees with a place to take their breaks together.
Unilateral Contract
A contract where one party makes a promise in exchange for an action performed by the other party, which then binds the first party.
Adequacy Of Consideration
The fairness or sufficiency of what one party receives in return for what they provide in a contract.
Fair Bargain
An agreement between parties that is equitable and just, where each party receives a benefit in exchange for what is given.
Enforce Promises
The legal ability to ensure that agreements or commitments are carried out, often through contract law.
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