Do You Believe That in Order to Enforce a Contract,the

question 68

Essay

Do you believe that in order to enforce a contract,the law should require a party to give consideration that is similar to or equal in value to what they will receive from the other party? Discuss why or why not.

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Definitions:

Process Further

A decision-making process in cost accounting that evaluates the costs and benefits of additional processing.

Variable Expenses

Costs that change in proportion to the level of production or sales activities of a business.

Fixed Expenses

Costs that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.

Net Operating Income

Income before interest and income taxes have been deducted.