If a Contract States That the Contract Is "Subject to the Purchaser

question 24

Multiple Choice

If a contract states that the contract is "subject to the purchaser obtaining financing for $10,000 at 8% by 5:00 p.m. Friday, March 11," it means that

• A) if the purchaser does not obtain the financing, he is in breach of contract.
• B) if the purchaser does not obtain the financing, the contract is frustrated.
• C) if the purchaser does obtain the financing and properly notifies the seller, the contract is then in full force and effect.
• D) there is a contract whether the purchaser gets the financing or not, because the statement is just a statement of intention and doesn't affect the contract.
• E) the obtaining of financing is a condition subsequent and ends the contract.

Understand the impact of situational factors on leadership style choice according to the Vroom-Jago model.

Comprehend the significance of a leader's power sources in influencing employee behavior.

Grasp the key functions and roles of traditional managers in organizations.

Learn from successful leadership experiences and strategic planning in organizations.

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Definitions:

Civil Rights Movement

A struggle for social justice in the 1950s and 1960s in the United States aimed at ending racial discrimination and gaining equal rights under the law.

Anti-war Movement

Social movements, typically during periods of military conflict, that advocate for peace and are against the initiation or continuation of armed conflict.

Vietnam War

A prolonged conflict (1955-1975) between communist forces in North Vietnam, supported by its allies, and the government of South Vietnam, backed by the United States.

President Kennedy

John F. Kennedy, the 35th President of the United States, served from January 1961 until his assassination in November 1963.