The Most Common of the Mitigation Procedures Is the Disaster

question 28

True/False

The most common of the mitigation procedures is the disaster recovery plan._________________________

Understand the circumstances under which contracts must be in writing according to the Statute of Frauds.

Appreciate the fundamental concept of a contract as a legally enforceable promise or set of promises.

Recognize the common law and UCC parallels in contract law.

Understand the duty of good faith imposed by the UCC in contract performance and enforcement.

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Definitions:

Legislative Agencies

Governmental bodies responsible for making laws, procedures, and regulations at various levels of government.

Executive Agencies

Agencies of the executive branch of government responsible for enforcing laws and administering public policy.

Enabling Legislation

A statute that specifies the name, functions, and specific powers of an administrative agency and grants the agency broad powers for the purpose of serving the public interest, convenience, and necessity.

Administrative Agency

A governmental body with the authority to implement and administer particular legislation, including making regulations, issuing licenses, and enforcing laws.