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Alderfer's ERG Theory Focuses on

question 12

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Alderfer's ERG Theory focuses on


Definitions:

Equitable Remedy

A remedy granted by courts in situations where money damages are inadequate, involving actions like injunctions or specific performance.

Mistake

An erroneous belief about the facts of a contract at the time the contract is concluded. When a mistake occurs, legal assent is absent.

Material Effect

A significant impact or change on a company's operations, financial condition, or future prospects.

Unilateral Mistake

A situation in a contract where one party is mistaken about a critical fact of the agreement, which could potentially lead to the contract being voidable by the mistaken party.

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