A control account is a natural management point for planning and control since it represents. the work assigned to one responsible organizational element on one project work. breakdown structure element.
Past consideration is no consideration. Consideration must be given at the time of the contract or some time after the contract was made. It's not generally possible for an act or forbearance to be good consideration if it took place prior to the contract. STUDY.
Consideration is a legal term given to the bargained-for exchange between the parties to the contract -- something of some value passing from one party to the other. Each party to the contract will gain some benefit from the agreement, and will incur some obligation in exchange for that benefit. Types of Contracts