Explain the Impact of the Principle of Privity of Contracts

question 68

Essay

Explain the impact of the principle of privity of contracts.

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Definitions:

Micromanagement

A management style where a manager closely observes or controls the work of subordinates or employees, often excessively.

Participative Management

A managerial approach in which employees at all levels are encouraged to contribute ideas and participate in decisions affecting their work and the organization.

Competent and Intelligent

Being capable and skilled in performing a task or role effectively, combined with the ability to learn, understand, and apply knowledge.

Consultative Leader

A person in charge who confers with group members before making a decision, but who retains the final authority to make decisions.