A Contract Where One or Both Parties Have Not Yet

question 16

Multiple Choice

A contract where one or both parties have not yet performed their contractual obligations is known as:

• A)an executed contract.
• B)an executory contract.
• C)a voidable contract.
• D)a quasi contract.

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Definitions:

Dialogue

A conversation between two or more people, aimed at reaching understanding, exchanging ideas, or addressing issues.

Bottom-up Change

An organizational change strategy that starts at the lower levels of the organization and works its way up, focusing on employee involvement in decision-making processes.

Organizational Innovation

The process of creating or adopting new ideas, processes, or products within an organization to improve performance or competitiveness.

Empowerment

The process of granting individuals or groups the power and resources to make decisions, fostering independence and confidence.