Examlex
Gillian has gone to great measures to make sure different types of people are represented in each group.Gillian is using which of the following management functions?
Consideration
a core concept in contract law that involves something of value exchanged between parties, which is necessary for a contract to be legally binding.
Payment
The transfer of money or goods from one party to another as a fulfillment of an obligation or settlement of a debt.
Ownership
The right to possess, use, and control a property or item, encompassing both tangible and intangible assets.
Promissory Estoppel
A legal principle preventing a party from going back on a promise, which another party relied upon, even if there was no formal contract.
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