Define consideration
Consideration is the inducement for a promise or performance. It is the primary basis for the enforcement of promises in our legal system. Consideration, or that which is exchanged for a promise, is present only when the parties intend an exchange. The consideration exchanged for the promise may be an act, a forbearance to act, or a promise to do either of these. The two basic elements of consideration are legal sufficiency and a bargained-for exchange, both of which must be present to satisfy the requirement of consideration.
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A) payroll system B) market research process C) human resources system D) expense cycle E) order-to-payment cycle
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What will be an ideal response?
Explain the difference between indirect exporting and direct exporting. What are the advantages and disadvantages of each approach?
What will be an ideal response?
List at least three disadvantages of using credit
What will be an ideal response?