Which of the Following Is True About Personal Satisfaction Clauses

question 62

Multiple Choice

Which of the following is true about personal satisfaction clauses in contracts?

• A) These clauses are usually unenforceable due to their subjective nature.
• B) Where the personal satisfaction depends on personal taste and comfort,an objective standard applies.
• C) Personal satisfaction is always evaluated on a subjective basis.
• D) Personal satisfaction cannot be based on the satisfaction of a third party.
• E) In commercial contracts,such as building construction,personal satisfaction is evaluated on an objective basis.

Understand the perfect tender rule and when it applies.

Identify and explain the exceptions to the perfect tender rule.

Recognize obligations of buyers and sellers under the UCC.

Appreciate nuances in contract law concerning acceptance, rejection, and cure of nonconforming goods.

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Definitions:

Contemporary Managers

Modern-day leaders who are responsible for planning, directing, and overseeing operations within an organization.

Henri Fayol

A French mining engineer and management theorist known for developing a general theory of business administration and for his 14 Principles of Management.

Mary Parker Follett

A pioneering theorist in the field of organizational behavior and management, who emphasized the importance of democratic leadership and people-centric management practices.

Classical Theorists

Scholars and thinkers who have contributed to the foundation of classical theories in various fields, focusing on formal structures and systems.