A Flexible Manufacturing System (FMS) Combines All of the Following

question 39

Multiple Choice

A flexible manufacturing system (FMS) combines all of the following EXCEPT:

• A)human resources
• B)computers
• C)robots
• D)machine tools
• E)materials handling machinery

Explain the role of quantum meruit in contract law.

Appreciate the balance between the freedom of contract and legal constraints.

Understand the principle of promissory estoppel and its relationship with the concept of consideration in contract law.

Analyze the limitations and conditions under which promissory estoppel is available as a defence or claim in contract disputes.

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Definitions:

Upward Counterfactual

involves imagining or thinking about how a situation could have turned out better than it did, often leading to feelings of regret.

Downward Counterfactual

Imagining how situations could have been worse, which can sometimes improve emotional state by making one's current situation seem better in comparison.

Magical Thinking

The belief that one's thoughts, words, or actions can achieve specific effects in the real world in ways that defy the conventional laws of cause and effect.

Primacy Effect

The tendency to remember information at the beginning of a list better than the information in the middle or the end.