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When Dealing with His Employees, Ted Follows the Practice of Explicitly

question 119

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When dealing with his employees, Ted follows the practice of explicitly setting aside time to find out what kind of rewards each of his employees prefers and striving to offer these in the work environment He is likely following


Definitions:

Novation

The act of replacing an old contract with a new one, where a different party assumes the obligations or benefits of the original party.

Equitable Remedy

A non-monetary court order to take or refrain from taking specific actions, granted when money damages are insufficient.

Accord and Satisfaction

A legal agreement between parties to settle a dispute by agreeing on an alternative obligation other than what was originally owed.

Novation

The act of replacing an existing obligation with a new one, effectively transferring the rights and duties to a third party.

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