Rig Heli-Pads, Inc

question 38

Multiple Choice

Rig Heli-Pads, Inc., enters into a contract to employ Scott as an on-site project manager for two years. If Rig breaches the contract, Scott has a duty to

• A) ​do nothing.
• B) ​reduce the damages that Scott might otherwise suffer.
• C) ​rescind the contract with Rig.
• D) ​punish Rig and set an example to deter others from similar acts.

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Definitions:

Negotiation Process

The series of steps or stages involved in attempting to reach an agreement between two or more parties with differing objectives.

Outline Goals

Preliminary or skeletal goals that provide a general direction without detailing the steps necessary to achieve them.

Merger

The combination of two or more companies into a single entity, with the aim of enhancing competitiveness or expanding market share.

Conciliator

A neutral third party who is informally assigned to persuade opponents to communicate.