Rough & Ready Timber Company Orally Contracts with Shawn for the Purchase

question 26

Multiple Choice

Rough & Ready Timber Company orally contracts with Shawn for the purchase of five acres of Shawn's timberland.Shawn makes the transfer but Rough & Ready does not pay the price.The lack of a written contract could bar enforcement of this deal.If so,Shawn could most likely recover on a theory of

• A)reformation.
• B)restitution.
• C)liquidated damages.
• D)quasi contract.

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Definitions:

Conflict Resolution

Techniques and strategies used to resolve disagreements and disputes, aiming for a mutual agreement.

Arbitration

A dispute resolution process where a neutral third-party makes a binding decision.

Cross-Cultural Values

The values that vary among different cultures, affecting behaviors, expectations, and interactions within a multinational or diverse organizational setting.

Electronic Communication

The transmission of information using electronic systems and devices such as email, social media, and instant messaging.