jabree brantley cr financial literacy - sem |...
jabree brantley cr financial literacy - sem | unit pre - test 24. which of the following represents consideration in an employment contract? a. the employers promise to consider a raise in the future b. the employees promise to work for free c. the employees work in exchange for a salary d. the employees verbal agreement to work
Answer
# Brief Explanations:
Consideration in a contract is something of value exchanged between parties. In an employment - contract, the employee's work is exchanged for the employer's promise of a salary. Option a is just a promise to consider a raise, not an immediate exchange. Option b of working for free lacks valid consideration as there is no real value for the employee. Option d, a verbal agreement to work without an exchange of value is not consideration.
# Answer:
C. The employee's work in exchange for a salary