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The Development of the Assembly Line Process and Use of Interchangeable

question 51

Multiple Choice

The development of the assembly line process and use of interchangeable parts is an example of how technology has changed ________.


Definitions:

Genuine Contracts

Contracts that are legally binding and enforceable, characterized by mutual assent, consideration, capacity, and legality.

Implied in Fact Contracts

Contracts arising from the conduct of the parties, indicating a mutual intention to contract, without explicit verbal agreement.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.

Obligation Imposed

A duty or responsibility enforced by law, regulation, or agreement.

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