In 978011 Ontario Ltd

question 84

Multiple Choice

In 978011 Ontario Ltd. v. Cornell Engineering Co., a businessman signed a contract without reading it. He later discovered it contained a provision with which he did not agree. What did the Court hold?

• A) The Court refused to grant an equitable remedy to correct a mistake that the businessman himself had allowed.
• B) The Court held that the contract was void due to a lack of consensus.
• C) The Court held that the contract was unenforceable due to a lack of consensus.
• D) The Court ordered rectification to correct the mistake in the contract.
• E) The Court ordered severance due to a lack of intention to be bound to the particular provision.

Recognize the differences between nominal wages, real wages, and how they affect the labor market.

Explain the concept of human capital and its importance for wage determination and economic prosperity.

Understand the arguments for and against the implementation of minimum wage laws and their implications on the labor market and economy.

Comprehend the concept of unions, their types (exclusive and inclusive), and their impact on wages and employment.

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Definitions:

Vehicles

Modes of transportation that move people or goods from one place to another, including cars, buses, bicycles, etc.

LinkedIn

A professional networking platform that allows individuals and companies to connect, share content, and find job opportunities.

Social Networking Sites (SNS)

Websites or platforms that enable users to create and share content or to participate in social networking.

Social Storefronts

Online platforms or sections of websites where businesses can directly sell products or services through social media channels.