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.
1 Consideration is not adequate if it involves an illusory promise or an item that is worthless (i.e., has no legal value, such as fake money). 2  Inadequate consideration does not automatically invalidate a contract. 3  However, inadequate consideration generally has the effect of making the contract unenforceable in court.