Marjorie Is Confused with the Differences Between Policies and Procedures

question 80

Essay

Marjorie is confused with the differences between policies and procedures.How would you explain these terms and their use in the planning process to Marjorie?

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Definitions:

Unilateral Mistake

A contract law concept where one party is mistaken about a basic assumption on which a contract is based, but the other party is not.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, resulting in harm to the victim.

Franchise Agreement

A legal contract in which a franchisor grants the right to operate a business using its brand, system, and support to a franchisee in return for fees.

Disclaimer

A statement that denies responsibility intending to prevent civil liability arising for particular acts or omissions.