In Order to Satisfy the Consideration Requirement to Form a Contract,the

question 67

Multiple Choice

In order to satisfy the consideration requirement to form a contract,the consideration exchanged by the parties must:

• A) have a monetary value.
• B) conform to the parties' subjective intent.
• C) be legally sufficient.
• D) have approximately the same value.

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Definitions:

Organizational Subunits

Smaller, specialized divisions within an organization that focus on specific tasks or missions, contributing to the larger organizational goals.

Information Power

The influence and control one gains from possessing valuable data or knowledge.

Referent Power

A form of influence based on the leader's personal attributes, where followers identify with and want to emulate the leader.

Affection

pertains to feelings of fondness or tenderness directed towards someone or something, influencing interpersonal relationships and behaviors.