How Can a Corporation's Board of Directors and Its Managers

question 35

Essay

How can a corporation's board of directors and its managers try to reduce the principal-agent problem?

Compare and contrast the concepts of individualism and collectivism.

Understand the differentiation between express, implied, and quasi-contracts, including how mistakes can impact contract enforceability.

Understand the principles surrounding the enforceability of electronic contracts (e-contracts) under ESIGN and other relevant laws.

Recognize the importance of consideration in contract formation and the effects of mutual misunderstanding or mistake on a contract's validity.

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Definitions:

Can-Spam Act

A law that sets the rules for commercial email, establishes requirements for commercial messages, gives recipients the right to have emails stopped from being sent to them, and spells out tough penalties for violations.

Labeling Requirements

Rules and standards that outline what information must be included on labels of products to inform consumers and comply with legal standards.

Click-and-Install

Refers to software applications that can be easily installed with a simple click action, typically without requiring complex setup processes.

Spyware

Software that is installed on a computer without the user's knowledge and is used to monitor internet activity or steal personal information.