Contract Rescission Can Sometimes Be Based Upon a Unilateral Mistake

question 6

True/False

Contract rescission can sometimes be based upon a unilateral mistake.

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Definitions:

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to holding conflicting beliefs or attitudes.

Continuance Commitment

The degree to which employees remain with an organization due to perceived costs, economic or social, associated with leaving.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body has to stress, proposed by Hans Selye, highlighting how stress affects physical health.

Distress

A state of extreme anxiety, sorrow, or pain.