A Contract Can Be Assigned Even If the Assignment Would

question 79

True/False

A contract can be assigned even if the assignment would materially alter the risk or duties of the obligor.

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Definitions:

High Power Distance

A cultural dimension where there is a large gap between those in power and the common people, with a significant level of acceptance of the uneven distribution of power in institutions and organizations.

Authority

The recognized power or right of an individual or entity to make decisions, give orders, and enforce obedience.

Directives

Instructions or orders given by someone in authority, intended to guide or dictate the actions of others.

Participative Leadership

Describes a leadership style where the leader involves team members in the decision-making process, ensuring that their input is considered in the final decisions.