In Order for the Consideration Requirement in Contracts to Be

question 45

Multiple Choice

In order for the consideration requirement in contracts to be met:

• A) the consideration given by each party must be of roughly equal value.
• B) each party must give consideration.
• C) the consideration must have monetary value.
• D) the consideration must consist of some form of property.

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Definitions:

Strictness

The quality of exacting standards or stringent enforcement of rules, often applied in disciplinary contexts.

Performance Appraisals

The process of evaluating an employee's job performance and productivity in relation to established criteria and organizational objectives.

Labour Market

The labour market is the arena in which employers seek employees to hire and where individuals offer their skills and labor in exchange for wages.

Employee Career

The progression and development of an individual’s work life and professional achievements over time, often involving various roles and responsibilities.