Who Is Responsible for the Introduction of the Assembly Line

question 72

Multiple Choice

Who is responsible for the introduction of the assembly line into the workplace?

• A) Frederick W. Taylor
• B) Kenneth Thomson
• C) William Gates
• D) Henry Ford

Recognize and articulate the basic requirements for the formation of a valid contract.

Explain the defenses available in a breach-of-contract lawsuit, including the meaning of adequate consideration.

Describe the process of offer and acceptance in online contracting environments.

Understand the concept of promissory estoppel and its requirements as an exception to the consideration requirement.

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Definitions:

RUPA

The Revised Uniform Partnership Act (RUPA) is a set of laws adopted by many states in the United States to govern the formation, operation, and dissolution of partnerships.

Partnership Agreement

A legal document detailing the terms of a partnership, including the rights, responsibilities, and share of profits for each partner.

Consent

Agreement or permission given by a person with full knowledge of the risks involved and the implications of their decisions.

Partnership

A legal form of business operation between two or more individuals who share management and profits.