If Your Company Is Selling Its Products or Services to the U.S.government,you

question 330

Multiple Choice

If your company is selling its products or services to the U.S.government,you should study Human Resource law that pertains to:

• A)the Better Business Bureau in your local area of operation.
• B)the limits that the EPA Environmental Protection Agency)places on the pollutants you can emit in your foreign factories.
• C)the total number of employees you can hire.
• D)nondiscrimination and affirmative action laws when doing business with the federal government.

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Definitions:

Consideration

A fundamental requirement for the formation of a legally binding contract, involving an exchange of something of value between the parties.

Promisor

An individual or entity that makes a promise or commitment in a contract to perform some specified action in the future.

Promisee

The person to whom a promise is made in a contract, to whom the promisor has an obligation.

Promissory Estoppel

A legal principle that prevents a person from going back on a promise, even if it was not formally made as a contract, if it was reasonable to rely on that promise and doing so caused harm.