In Order for a Contract to Be Legal, Mutual Acceptance

question 31

True/False

In order for a contract to be legal, mutual acceptance is achieved when one party is under duress.

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Definitions:

Technological Capabilities

The skills, knowledge, tools, and processes that an organization possesses, which enable it to leverage technology effectively for competitive advantage.

Needs Assessment

A needs assessment is a systematic process for determining and addressing gaps between current conditions and desired conditions or wants, often used for improving a system or service.

Business Processes

The collection of linked tasks and activities that transform inputs into outputs, thereby achieving a specific organizational goal.