When a New and Separate Contract Is Formed Between Parties

question 41

True/False

When a new and separate contract is formed between parties who had an earlier contract dealing with the same matter,the terms,conditions,and exclusions will automatically be assumed to be identical to those found in the earlier contract.

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Definitions:

Imposter Phenomenon

A psychological pattern in which an individual doubts their accomplishments and has a persistent internalized fear of being exposed as a "fraud."

Equity

When people receive rewards in proportion to the contributions they make toward the attainment of group goals.

Generalized Exchange

A type of social interchange where goods or services are provided to one member of a group without the expectation of a direct reciprocal action from the receiver.

Reciprocal

Pertaining to a mutual exchange or relationship in which both parties give and receive something of value.