When Brazilian Carlos Ghosn Was Installed as Chief Executive,he Introduced

question 37

Multiple Choice

When Brazilian Carlos Ghosn was installed as chief executive,he introduced two new words into Nissan's lexicon:

• A)beliefs and values.
• B)values and activities.
• C)speed and commitment.
• D)policies and speed.
• E)activities and commitment.

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Definitions:

Unilateral Mistake

A situation where only one party to a contract is mistaken about a fundamental fact or term of the contract.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation or owners' equity in property, or fairness and justice as applied in the legal system.

Unilateral Mistake

A contract law principle where an error made by one party does not affect their understanding of key terms or obligations, affecting the contract's enforceability.

Mutual Mistakes

A situation in a contract where all parties have a misunderstanding or incorrect belief about a basic assumption on which the contract is based.