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Overjustification effect

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Q: After a high school athlete who loves baseball receives a multimillion dollar contract to play in the major leagues he loses his enthusiasm for the game and finds he no longer enjoys it This is an e?
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After a high school athlete who loves baseball receives a multimillion dollar contract to play in the major leagues he loses his enthusiasm for the game and finds he no longer enjoys it?

overjustification effect.


Who receives the death benefit on a life insurance contract?

The beneficiary.


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A downside is guarnateed wages. For example, if you have a $100k contract, with a $50k downside, this means even if no work is performed, the contractor still receives $50k.


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Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.


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Contingent beneficiary means that on a will or insurance contract a person receives the benefits only if all of the predetermined conditions have been met


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There are basically two, main concepts and principles to contract law: First, being mutual consideration. BOTH parties have to receive benefit, or its not a legal contract. If only one receives benefit, then there is not a contract. Second, there has to be a "meeting of the minds." This means, both understand what they are agreeing upon. Both are agreeing on the same things. If one thought it meant something totally different, then there was not a meeting of the minds and the contract is void.


If you require an illustrator for a book you are writing do they get proceeds from every copy of the book?

Yes. And, BTW, typically the publisher chooses the illustrator. The illustrator receives an advance, just as you, the writer, would, and also receives royalties. The specific amounts for each would vary with the contract.


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