Consideration requirement for a valid contract

Assignment Help Business Management
Reference no: EM131225319

To satisfy the consideration requirement for a valid contract, the consideration exchanged by the parties must be:

A. legally sufficient

B. payable in legal tender

C. simultaneously paid and received

D. of the same economic value

Please answer and state why?

Reference no: EM131225319

Questions Cloud

What should be the size of the order : A large firm expects to require this product for the next 10 years at a rate of at least 140 per year. Fixed ordering cost is $30 and holding costs are based on 18-percent annual interest rate. What should be the size of the order?
Determine the closed loop input resistance : For the current-to-voltage converter circuit in given Figure, the parameters are as described in Problem l2.30. If Ri = 10 k Ω, determine the closed loop input resistance Ri f.
Analyze the effects and applications of various organization : Based on the article, consider the approaches to organizational design. Analyze the effects and applications of the various organizational structures and levels of authority. Given the benefits and motivations mentioned in the article, share an an..
Form of government-number of political parties : Politics: Form of government, number of political parties, stability (i.e., political risk), major political goals of the present administration, and quality of government services/bureaucracy
Consideration requirement for a valid contract : To satisfy the consideration requirement for a valid contract, the consideration exchanged by the parties must be:
Write an abstract on crowdsourcing : IS6040: Midterm - In China alone, the crowd funding industry is expected to reach $50 billion by 2025. We are looking at a potential global crowd funding market of $90-96 billion by 2025 and write an abstract on crowdsourcing.
What were the investigators aims and objectives : STAT9702 Statistical Methods for Engineering and Science Assignment. What were the investigators' aims and objectives? If they are not stated explicitly in the paper, what do you think they were? What is an appropriate target/reference population for..
How much system memory do you have ram : What type of device(s) are you using for class? For example:desktop computer, laptop, tablet, 2 in 1(laptop and tablet), smartphone etc. What is your operating system? How much system memory do you have (RAM)?
Analyze the role of communication in developing : Analyze the role of communication in developing and maintaining one's self-concept, self-image, and self-esteem. Differentiate appropriate levels of self-disclosure and emotional intelligence in various relationships. Describe strategies for using co..

Reviews

Write a Review

Business Management Questions & Answers

  In january roger burke loaned his favourite nephew jimmy

in january roger burke loaned his favourite nephew jimmy white his appreciated picasso painting. knowing that jimmy

  Importance of an effective strategy

The business model is a central element of a firm's strategic plan and describes the process whereby a company hopes to earn profits and outperform the competition. The importance of an effective strategy cannot be overstated. With this in mind pr..

  Corporate-level strategy play in relation to business-level

What role does corporate-level strategy play in relation to business-level strategy?

  Complete an essay that investigates a cultural group in your

Complete an essay that investigates a cultural group in your desired field. Describe what the industry group is like in your own words with support from any outside source information you have found.

  A company produces to a seasonal demand

A company produces to a seasonal demand, with the forecast for the next 12 months as given below. Month Demand January 600 February 700

  Determine based on expected profits

Determine, based on expected profits, whether the author should be offered a contract or not. Determine the expected value of perfect information.

  Identifying theoriesneed some assistance in identifying the

identifying theoriesneed some assistance in identifying the key words in creating the correct response.robert listens

  Advantages and disadvantages of chosen strategies

Besides outsourcing what other strategies local retailers have at their disposal to address labour shortage in light of hike in demand of their sales. Discuss the advantages and disadvantages of your chosen strategies?

  Position to advise keurig grenn mountain

If you were in a position to advise Keurig Grenn Mountain, what strategy would you recommend to sustain competitive advantage and achieve future growth? Be specific and list the steps the company should take for successful implementation of your c..

  Explain null and alternative hypotheses

Explain null and alternative hypotheses to one of the senior managers at Company W and he's not "getting it" when you use snack food sales. Help him by thinking about a business problem in another organization or department.

  Efficient production of large amounts

Plants such as leafy spurge can double their population size every year in part because of their efficient production of large amounts of seeds. Populations that can double every year, such as leafy spurge,

  Performance management system development

Consider the following topics: annual appraisal ratings, appraisal interview, feedback, goal setting, coaching, linkages to employee development, and linkages to organization rewards.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd