A Party to an Existing Contract Can Modify the Agreement

question 27

True/False

A party to an existing contract can modify the agreement without the other party's actual acceptance or approval.

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Definitions:

Corporate Culture

The collective values, beliefs, attitudes, and behaviors that characterize an organization and influence its members.

Individual Ethics

The principles and values that govern the behaviors of an individual, especially in a work context.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Long Term Goals

Objectives set to be achieved over an extended period, typically involving strategic planning for the future.