Marco and Fred Enter into a Contract for the Sale

question 38

Multiple Choice

Marco and Fred enter into a contract for the sale of Marco's apartment for which Fred agrees to pay him $100,000. Marco cannot prohibit Fred from transferring his right to the ownership of the apartment because such a prohibition is

• A) ​against public policy.
• B) ​immoral.
• C) ​unconscionable.
• D) ​a crime.

---

Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of a broader or more inclusive perspective.

Open Book Management

What occurs when managers provide employees with essential financial information about their companies.

Communication Transparency

The practice of openly and honestly sharing information, ensuring clarity and accessibility to all relevant parties.

Financial Information

Refers to data regarding the financial status, operations, and performance of an organization, including income, expenses, profits, and losses.