Ryan Enters into a Contract with Dave,the Neighborhood Grocer,to Supply

question 86

Multiple Choice

Ryan enters into a contract with Dave,the neighborhood grocer,to supply fresh vegetables daily.After four months,the grocery store expands its business considerably and attracts customers from the neighboring areas as well.As a result,Dave demands that Ryan triple his supply as he cannot keep up with the demand.Which of the following will apply in determining the amount that can be supplied in such circumstances?

• A)Rule of reasonable price
• B)Rule of requirements
• C)Rule of needs
• D)Rule of good faith

Recognize the influence of technology on organizational structure and design, including operations technology and information technology.

Understand the characteristics and implications of process designs and technology classifications in organizations.

Understand the legal principle of disaffirmance by minors in contracts.

Grasp the impact of mental incapacity on the validity of contracts.

---

Definitions:

Xenophobia

The fear or hatred of strangers, foreigners, or anything perceived as foreign or different.

Cultural Fit

The extent to which an individual’s beliefs, values, and behavior align with the culture of an organization or team.

Sociocultural Bias

The presence of bias in judgments or actions influenced by societal and cultural norms or prejudices.

International Protectionism

A policy regime adopted by a country to protect its domestic industries from foreign competition by imposing tariffs or quotas on imported goods.