In contract law, the term consideration refers to the serious thought that underlies a party's intent to enter into a contract
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following sets forms a part of the key elements of a creative organizational climate?
A) Communication, competition, and change B) Change, reward, and orientation C) Trust, diversity, and rewards D) Competition, diversity, and rewards
Four factors help explain the extent to which employees and managers will be able to obtain a proportionately high level of the profits that they generate. Which is not one of these factors?
A. competitor bargaining power B. employee exit costs C. employee bargaining power D. employee replacement cost
Febois an employee of Guitar & Drum Company. Guitar & Drum's employee manual states that workers, such as Febo, will be dismissed only for good cause. With respect to the employment-at-will doctrine, this is
a. an example of the doctrine. b. an exception based on contract theory. c. an exception based on public policy. d. an exception based on tort theory.
Total leverage exists whenever the percentage change in earnings per share (EPS) resulting from a given percentage change in sales is greater than the percentage change in sales
Indicate whether the statement is true or false