Examlex
Which of the following is a part of the 5C model of HRM impact?
Consideration
Something of value that is exchanged between parties in a contract, which is necessary for the agreement to be legally binding.
Gift
Something given voluntarily without payment in return, often as a symbol of affection or goodwill.
Contract
An agreement between multiple parties that is recognized and can be enforced by the legal system.
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.
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