When a Second Contract Is Made Between Two Parties

question 56

Multiple Choice

When a second contract is made between two parties:

• A) the first contract between the parties is cancelled.
• B) the second contract immediately and automatically displaces the first.
• C) the intent of the parties will control the legal effect of the agreement.
• D) the modifying contract must be in writing.

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Definitions:

Participative Management

A management approach where employees at all levels are actively encouraged to contribute ideas towards identifying and solving problems, improving service, and achieving the organization's objectives.

Employee Involvement

Employee involvement refers to practices that allow employees to contribute ideas, suggestions, and feedback that can help in improving organizational processes, products, or services.

Novelty

The quality of being new, original, or unusual, often sparking interest or attention.

Complexity

This concept refers to the state or quality of being intricate or complicated, often used in describing systems, problems, or organizations that possess multiple components which interact in varied ways.