Indicate the Correct Statement About Consideration

question 174

Multiple Choice

Indicate the correct statement about consideration.

• A) In a bilateral contract, the exchange of promises does not provide consideration for both parties.
• B) The common law holds that consideration must be adequate to insure that contracts are fair bargains.
• C) Consideration is "the price for which the promise (or the act) of the other is bought."
• D) An altered course of action, e.g., forbearance, is not good consideration.
• E) In a unilateral contract, the performance of the promisee provides no consideration to the promisor.

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Definitions:

Absenteeism

The habit or practice of frequently being absent from work or obligations without good reason, leading to potential disruptions and decreased productivity.

Autonomy

The capacity of individuals or groups to make independent decisions and control their own activities, often empowering creativity and innovation.

Telecommuting

A work arrangement in which employees perform their job duties from outside the traditional office environment, often from home, leveraging digital technologies.

Visibility

The degree to which something is seen or recognized, often referring to how well an organization's actions, products, or services are perceived and understood by its audience.