Past Consideration Is an Adequate Consideration to Support a Promise

question 65

True/False

Past consideration is an adequate consideration to support a promise, therefore, it can create a contract.

Define Extra Sensory Perception (ESP) and parapsychology.

Categorize different forms of ESP and summarize existing research findings on ESP claims.

Understand the legal recognition of corporations and their distinguishing features.

Comprehend the concept of limited liability for shareholders and unlimited liability under specific circumstances.

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Definitions:

Unified Commitment

A collective dedication to a common goal or purpose, where all members of a group or organization are engaged and cooperative.

Leader

An individual who leads or steers a team in the pursuit of a shared objective.

Virtual Teams

Groups of people who work together over distance via electronic communications technology, such as email, chat, and video conferences, to achieve a common goal.

Relational Functions

pertains to the aspect of leadership that involves building and maintaining positive relationships within teams and organizations.