Corporate Entrepreneurship and Intrapreneurship Are Different Processes

question 46

True/False

Corporate entrepreneurship and intrapreneurship are different processes.

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Definitions:

Substantial Performance Doctrine

A legal principle recognizing that a contract has been essentially fulfilled and deserves payment, despite minor deviations from the exact terms.

Implied Agency

A legal relationship formed by the actions of the parties involved rather than by written agreement or document.

Equal Dignity Rule

A legal doctrine requiring that contracts authorizing someone to conduct a transaction must be executed with the same formality as required for the transaction itself.

Statute of Frauds

A legal doctrine requiring certain types of contracts, such as for the sale of land or goods over a certain value, to be in writing to be enforceable.