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.
Requirements for consideration to be valid(1) â¢ A. Consideration must not be past. â Consideration must be given in return for (must be, to some extent, caused by) promise or act of other party, i.e. there must be fairly direct. co-relation between consideration and promise/act.