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Allan and Danny Have Been Working for Yummy Treats for About

question 7

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Allan and Danny have been working for Yummy Treats for about five years,at the same level of management and doing similar kind of work.Allan has been focusing on setting specific and difficult goals and believes that exerting a high level of effort will result in the successful performance in his job and that is what he should focus on.Danny on the other hand compares himself to other managers,such as Jim who works for the competitor in a similar work position.He feels disheartened when he finds out that he is significantly under rewarded at Yummy Treats.


Definitions:

Substantial Expense

A significant outlay of money, often categorized as higher than usual costs, that can impact financial positions or budgets.

Consideration

A value promised in exchange for a certain act in a contractual agreement.

Quantum Meruit

A legal principle where a party is compensated with a reasonable sum for goods or services provided, even if no contract exists.

Quantum Valebant

A principle in contract law that allows for the recovery of as much as deserved, or the reasonable value of goods or services rendered when no contract price was established.

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