James works for the county fire department and has not had a raise in three years. When he shows up at the mayor's house to put out a fire, he sees the mayor standing outside
James tells the mayor that he will put out the fire only if the mayor agrees to give him a raise. The mayor agrees. In this scenario, which of the following statements is true?
A) A valid contract exists because all the elements of a valid contract are present.
B) A valid contract does not exist because the value of the consideration for the mayor's promise is inadequate.
C) A valid contract exists because of the past consideration rule.
D) A valid contract does not exist because of the preexisting duty rule.
D
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When a company tells employees what to do, how to do it and when things are due, they are practicing:
a) performance standards. b) the process of control. c) the balanced scorecard.
Which of the following must stem from an enabling statute?
a. Substantive rules promulgated by an agency b. Procedural rules promulgated by an agency c. Substantive and procedural rules promulgated by an agency d. None of the above