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.
In order for consideration to provide a valid basis for a contract -- and remember that every valid contract must have consideration -- each party must make a change in their position..Consideration is usually either the result of: 1  a promise to do something you're not legally obligated to do, or.his agreement provides adequate consideration for the contract, because each party is giving up something in the exchange -- you're giving up some of your money while your neighbor is giving up the right to sue you.