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"I must attend the fundraiser," said Phyllis Blasingame, Senior Vice President of Marketing. "One of our key clients is sponsoring the event for a worthy cause, and our firm should be represented by a senior member of our management team." When the manager performs symbolic duties on behalf of her organization, she is performing in the role of
Bilateral Contract
A contract involving two parties where each side agrees to fulfill their side of the agreement.
Bound
Bound refers to being legally or ethically obligated; in a legal context, it often means being tied by a contract or an agreement.
Consideration
A fundamental concept in contract law that refers to something of value exchanged between parties, which is required for a contract to be legally enforceable.
Negligently
Acting with a lack of reasonable care or concern for the consequences, leading to potential harm or damage.
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