In a Valid Contract, Consideration Can Take the Form of Which

question 58

Multiple Choice

In a valid contract, consideration can take the form of which of the following?

• A) a previous contract
• B) a promise to perform part of a specific act
• C) property
• D) nonmonetary payments

---

Definitions:

Job Security

The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.

Policies

Guidelines, rules, or procedures established by an organization to regulate and guide decisions and actions in a specific area.

Union Membership

Being a formal member of a labor union, an organization that represents the collective interests of employees in negotiations with employers over wages, benefits, and working conditions.

Workplace Safety

Practices and policies in a place of employment that are designed to protect the wellbeing of employees, visitors, and the workplace environment.