Benchmarking Is the Age-Old Practice of Allowing the Artisan to Sign

question 149

True/False

Benchmarking is the age-old practice of allowing the artisan to sign his name to the finished product.

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Definitions:

Void Contracts

Agreements that are illegal or against public policy and therefore unenforceable by law.

Bilateral Contract

A contract in which the promise of one of the parties forms the consideration for the promise of the other.

Unilateral Contract

A contract where one party makes a promise in exchange for an act by the other party.

Quasi-contract

A quasi-contract is a legal concept where the court imposes a contract-like obligation on a party to prevent unjust enrichment, even though no actual agreement exists between the parties.