""Time Is of the Essence"" Clauses Are So Common They

question 21

True/False

""Time is of the essence"" clauses are so common they no longer are strictly enforceable

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Definitions:

Norm of Reciprocity

A social norm that suggests individuals respond to each other in kind, rewarding kind actions with kindness in return.

Obligated to Reciprocate

A moral or legal duty to return a favor or respond in kind to an action or deed done by another.

Direct Leader

An individual in a position of authority who oversees and directly influences the work of subordinates through immediate, face-to-face interaction.

Top Leaders

Individuals positioned at the highest levels of an organization who are responsible for strategic decision-making and overall leadership.