Under Which of the Following Conditions Is a Contract Said

question 57

Multiple Choice

Under which of the following conditions is a contract said to have legal value?

• A) the promisor receives a legal benefit
• B) the promisor suffers a legal detriment
• C) both promisor and promisee receives a legal benefit
• D) both promisor and promisee suffers a legal detriment

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Definitions:

Organizational Rewards

Benefits, incentives, or recognitions provided by organizations to motivate and appreciate employees’ performances, efforts, or behaviors.

Relative Power

The amount of influence or control one entity or individual has in comparison to another within a given context.

Stakeholders

Individuals or groups who have an interest in the outcomes of a project, organization, or issue, as they may be directly or indirectly affected by it.

Emotional Blocks

Obstacles within a person's emotional processes that prevent them from achieving personal goals or fully engaging with life’s experiences.