Where One Party Is Mistaken About a Term of the Contract

question 17

Multiple Choice

Where one party is mistaken about a term of the contract and the other party is aware of the mistake but does nothing to correct it,the result is that:

• A)the parties have never been in genuine agreement.
• B)there has been a unilateral mistake.
• C)the contract is usually void.
• D)all of the above apply.

Differentiate between prejudice, stereotypes, and discrimination, along with their impacts on social interactions.

Analyze the role of social responsibilities and factors contributing to prosocial behaviors.

Explore the psychological and social factors influencing aggression and helping behaviors.

Discuss the theories related to the development and reduction of prejudice and stereotypes.

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Definitions:

Local Conditions

The specific circumstances, cultural, economic, and environmental factors that are unique to a particular area or community.

Rights Arbitration

A form of arbitration focusing on interpreting and applying terms of existing contracts or laws to resolve disputes over rights and obligations of parties.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Bargaining Team

A group of individuals, often comprised of union representatives or employees, designated to negotiate terms of employment, such as wages and conditions, with an employer.