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.
Regarding the adequacy of consideration in a contract, the following principles are generally applied by a court in a contract setting: 1  In addition to monetary sums, consideration can also involve a promise to do something, or a promise not to do something.  Past consideration is never adequate.