In the Fast Changing,competitive Environment,new Global Realities Are Emerging,which Include

question 53

Multiple Choice

In the fast changing,competitive environment,new global realities are emerging,which include all of the following needs except:

• A)to be cost effective.
• B)to be customer driven.
• C)to deliver best quality.
• D)to deliver quickly.
• E)to deliver success.

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Definitions:

Unilateral Mistake

A situation in a contract where one party is mistaken about a critical fact of the agreement, which could potentially lead to the contract being voidable by the mistaken party.

Bilateral

Involving two parties, sides, or aspects, often referring to agreements or relationships between two entities.

Mutual Mistake

A situation in contract law where all parties involved have a mistaken belief about a vital fact upon which the contract is based.

Peerless Ship

Referencing a specific case in contract law regarding the sale of goods when there is a misunderstanding about which specific goods are being sold.