Power Based on _______________ Always Results in Authority

question 77

Multiple Choice

Power based on _______________ always results in authority.

• A)legitimacy
• B)mediation
• C)negotiation
• D)sanctions
• E)inevitability

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Definitions:

Rescinded Contract

A contract that has been declared void and is no longer legally binding, often due to mutual agreement or legal reasons.

Mutual Mistake

A situation in contract law where all parties involved have a shared erroneous belief concerning a basic assumption on which the contract was made.

Unilateral Mistake

A situation where only one party to a contract is mistaken about a fundamental fact or term of the contract.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation or owners' equity in property, or fairness and justice as applied in the legal system.