A Standard Form Contract Contains a Term That Reads,"Henceforth,all Dealings

question 39

Multiple Choice

A standard form contract contains a term that reads,"Henceforth,all dealings between the Purchaser and the Seller shall be conducted on the grounds of a working relationship and,as such,shall be conducted with professionalism.Any conduct contrary to the Agreement (as construed by one of either the management of the parties involved or the lawyers of these parties) shall be met with termination of the contract and all sums previously paid as liquidated damages and not as penalty shall be retained." In plain English,this means

• A)If one of the parties acts fraudulently they must pay damages to the other party.
• B)If one of the parties commits a tort against the other,the contract will be terminated.
• C)If one of the parties acts without a duty of care to the working relationship,the other can terminate the contract and keep all money already paid.
• D)If one of the parties acts without a duty of care to its employees,the contract is rescinded.
• E)If both parties no longer want to work together,the contract is rescinded.

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Definitions:

Capability Index

A statistical measure of a process's ability to produce output within preset specification limits.

Daily Proportion

The fraction or percentage of a particular event or characteristic occurring within a single day.

Attendance Policy

An attendance policy is a set of rules or guidelines regarding the expectations and requirements for attendance to classes, work, or events.

Registered Students

Individuals who have completed the enrollment process for a course or academic program.