ULab Inc, a Biotechnology Firm, Recently Had a Fire in One

question 40

Multiple Choice

ULab Inc., a biotechnology firm, recently had a fire in one of their offices which resulted in the office building being gutted.The employees were not trained for a fire drill, and the 10-storey building had no fire escape route which resulted in many employees being hospitalized for physical injuries, burns and toxic smoke inhalation.What important social responsibility theory was ULab negligent of by not training their employees in case of a fire and not installing a fire exit?

• A)corporate citizenship
• B)moral minimum
• C)stakeholder interest
• D)maximizing profits

Gain knowledge on how undue influence and duress affect the legitimacy of consensual agreements.

Grasp the role and importance of consideration in the validation of contracts and contract modifications.

Recognize the significance of distinguishing between factual and value mistakes in contract law across different jurisdictions.

Understand the procedural and substantive requirements for contract rescission based on various grounds such as fraud, duress, and mistake.

---

Definitions:

Annelids

A phylum of invertebrate worms known as segmented worms, which includes earthworms, leeches, and polychaetes.

Segmented Body

The body plan characteristic of certain organisms, including arthropods and annelids, where the body is divided into segments.

Visceral Mass

The concentration of body organs (viscera) located above the foot in mollusks.

Digestive Tract

The series of organs in the human body where food is ingested, digested, absorbed, and waste is expelled.