________ Are Guides That Specify the Way Certain Tasks or Activities

question 152

Short Answer

________ are guides that specify the way certain tasks or activities will be carried out,thereby ensuring uniform action on the part of all corporate members.

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Definitions:

Past Consideration

A term in contract law meaning that an act done before a contract is made is not good consideration for the contract.

Sales Contract

A legal agreement between a buyer and a seller detailing the terms and conditions of a sale of goods or services.

Equitable Exchange

A transaction in which goods, services, or assets are traded based on fairness and balance in value.

Irrevocable Oral Promise

A spoken commitment that cannot be canceled or revoked, legally binding under specific circumstances.