A Contract Is Indivisible If It Can Be Performed in Ways

question 8

True/False

A contract is indivisible if it can be performed in ways other than as an entity.

Understand environmental complexity and how it impacts organizations.

Understand the key legal concepts involved in resolving disputes over debt payments, including the difference between liquidated and unliquidated debts, and accord and satisfaction.

Identify the characteristics and enforceability of unilateral and bilateral contracts, including the requirement of consideration.

Recognize the impact and legal significance of the preexisting duty rule in contract modifications.

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Definitions:

Gestalt Principle

A theory in psychology that describes how people tend to organize visual elements into groups or unified wholes when certain principles are applied.

Closure

The act of bringing an emotional or psychological sense of resolution to a traumatic or significant event.

Depth Perception

The ability to see objects in three dimensions although the images that strike the retina are two-dimensional; allows us to judge distance.

Continuity

The unbroken and consistent existence or operation of something over a period of time.