Assuming That All Other Elements of a Contract Are Present

question 104

Multiple Choice

Assuming that all other elements of a contract are present, which of the following would most likely be held to be a binding contract, considering only the requirement that the object of a contract must be legal and not contrary to the public interest?

• A) An insurance policy paid by a shareholder to insure the business premises of a company he holds shares in
• B) A life insurance policy bought by Harvey insuring the life of his neighbour Kneival without Kneival's consent
• C) An agreement to pay $500 to Mildred if Mildred spreads the false rumour that Helen, a nurse, has AIDS
• D) A provision in a contract of employment where the employee agrees that, upon leaving, he will not work in a similar business anywhere for 5 years
• E) An agreement in which Fred agrees not to bother his father anymore

Understand physical and chemical weathering processes in the production of sediment.

Understand the importance and roles of honesty and transparency in effective management.

Recognize the significance of open-system thinking in acknowledging environmental influences on organizations.

Understand the concepts of managerial and technical subsystems within the open-system model.

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Definitions:

Attorney-Client Privilege

A legal rule that protects communications between a client and their attorney from being disclosed to third parties.

Forever

A term indicating an infinite or unspecified period of time; endless duration.

Years

Units of time consisting of 365 or 366 days, divided into 12 months, used to measure periods of time in relation to the Earth's orbit around the Sun.

Attorney-Client Privilege

A legal principle that keeps communications between an attorney and their client confidential, fostering open and honest discussions necessary for adequate legal representation.