A Party to an Existing Contract Can Modify the Agreement

question 27

True/False

A party to an existing contract can modify the agreement without the other party's actual acceptance or approval.

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Definitions:

Network Structures

The arrangement and interconnection of elements in a system, often referring to how people or positions are interconnected within organizations.

Core Organization

The fundamental, central part of an organization that is essential for its operation and defines its main purpose.

Matrix Structure

An organizational framework that combines two or more types of organizational structures, typically functional and product-based divisions, to leverage the benefits of both.

Conflict

A situation where two or more parties disagree due to opposing needs, desires, beliefs, or values, which can occur between individuals, groups, or organizations.