The Validity of a Contract Is Not Affected By

question 2

Multiple Choice

The validity of a contract is not affected by:

• A) the effect of the contract on the community.
• B) unconscionability.
• C) the absence of good faith.
• D) the fact that the contract turned out to be a bad bargain for one of the parties.

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Definitions:

Internal Locus

This term refers to an individual’s belief that they can control their life events and outcomes, as opposed to external forces being in control.

Organizational Politics

reflects the activities and actions within an organization aimed at improving personal or departmental gain, often at the expense of others or the company overall.

Resource Allocation

The process of distributing available resources among various projects, tasks, departments, or entities within an organization.

Formal Rules

Explicitly stated regulations or guidelines that dictate the behavior or operations within an organization or society.