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Several MNCs such as Nokia, GE, and IKEA actively work through formal training and informal learning modes of travel and international work assignments to develop this common identity, esprit de corps, or __________ that provides a powerful intrinsic form of alignment for the MNC.
Voidable Contracts
Contracts that are valid and enforceable on the surface but can be declared void by one or more of the parties due to certain reasons, like misrepresentation or lack of consent.
Innocent Misrepresentation
A false statement made about a material fact by a person who believed the statement was true.
Material Fact
An important fact that, if known, could influence a decision in a contract, transaction, or legal case. It is a fact that matters to the matter at hand.
Rescind
To revoke, cancel, or annul a contract or agreement, typically due to the discovery of errors or fraud.
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