______ Benefits Are the Type of Benefits That Are Required

question 101

Multiple Choice

______ benefits are the type of benefits that are required by law.

• A) Statutory
• B) Domestic
• C) Cultural
• D) Structural

---

Definitions:

Bilateral Contract

A type of contract involving mutual obligations whereby each party promises to perform an act in exchange for the other party's act.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Adequacy of Consideration

Assessing whether something of legal value has been exchanged in a contract to justify the parties’ obligations.

Consideration

In contract law, it refers to something of value, such as money, services, or goods, exchanged between parties as part of an agreement.