Consideration in a Contract May Be More Than Just the Promises

question 44

True/False

Consideration in a contract may be more than just the promises exchanged by the parties,but the actual benefit gained and the detriment suffered by them.

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Definitions:

Eriksonian Stage

A phase in Erik Erikson's theory of psychosocial development representing challenges and tasks across a person's lifespan.

Attribution

The process by which individuals explain the causes of behavior and events, often attributing them to internal dispositions or external situations.

Personnel Department

A segment of an organization responsible for managing human resources, including recruitment, training, and welfare of staff.

Conducting Interviews

The process of asking someone questions to gather information, often used in research, journalism, or employment selection.