Prior to Entering into Contractual Negotiations,which of the Following Advice

question 19

Multiple Choice

Prior to entering into contractual negotiations,which of the following advice from the risk management department would let you know that you should be avoiding reliance on the common law doctrine of frustration?

• A) It holds that the terms of a contract are settled at the time of acceptance.
• B) It is a reliable avenue of escape that operates in limited circumstances.
• C) It holds a party from being able to perform its contractual obligations.
• D) It is an unreliable avenue of escape that operates in narrow circumstances.

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Definitions:

Operant Conditioning

The technique of modifying the degree of a behavior through the provision of rewards or the imposition of punishments.

Voluntary Behavior

Actions that are under conscious control, as opposed to automatic or reflexive behaviors.

Thorndike's Law

A principle of learning that emphasizes the effect of rewards and punishments on behavior, suggesting that actions followed by positive outcomes are reinforced and more likely to be repeated.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, making it likely that the behavior will be repeated in the future.