Ken Entered into a Contract with Chris to Haul Gravel

question 42

True/False

Ken entered into a contract with Chris to haul gravel into his large tandem truck from Chris's gravel pit to a building site some three miles away distant, at $60 per load. Before Ken was to begin performance, his truck was destroyed in a serious traffic accident. Ken need not perform the contract as the contract was frustrated by the destruction of the truck.

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Definitions:

Vroom-Yetton-Jago

A decision-making model that helps leaders or managers to choose the most appropriate leadership style based on the situation and variables involved.

Normative Decision Model

A framework that outlines how to choose the best decision-making process based on the situation, including considerations of leadership style and team involvement.

Utility

In economics, it refers to the total satisfaction received from consuming a good or service, measured to understand consumer choices and preferences.

Gender

refers to the socially constructed roles, behaviors, activities, and attributes that a particular society considers appropriate for men and women.