Salvatore Contractually Agreed to by a Shipment of Widgets from Acme

question 52

Multiple Choice

Salvatore contractually agreed to by a shipment of widgets from Acme Corp.A dispute has arisen in connection with that agreement and Acme claims the protection of a force majeure clause.Which of the following statements is most likely to be TRUE?

• A)The company has discovered that Salvatore is under the age of majority.
• B)Salvatore has argued that the contract is unenforceable because it is not evidenced in writing.
• C)Salvatore is upset because the widgets were destroyed by a typhoon while they were in transit, and because he mistakenly believed that the widgets were protected by an insurance policy.
• D)The company wants to escape from the contract on the grounds of frustration.
• E)Salvatore has argued that he entered into the contract as a result of undue influence.

Understand the role of incentives and monitoring in mitigating moral hazard.

Recognize the importance of screening and selection processes to prevent shirking.

Analyze decision-making processes in the context of public health emergencies.

Understand the impact of government policies on R&D risk-taking behavior.

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Definitions:

Ingratiate

The act of making oneself more desirable or acceptable to another person or group, often through flattery or trying to please them.

Influence Tactics

Strategies or methods used by individuals to persuade, convince, or sway others towards their viewpoints or desired actions.

Desired Behavior

Specific actions or reactions that an individual or organization wishes to encourage or see regularly performed.

Leading by Example

Leading by Example involves demonstrating the behaviors and attitudes that a leader expects from others by embodying them personally.