Which of the Following Is a Potential Disadvantage of Privately

question 31

Multiple Choice

Which of the following is a potential disadvantage of privately negotiated options?

• A)It is often difficult to find a party with whom to contract.
• B)It is not possible to reverse out of a contract before the agreed expiry date.
• C)It may be necessary to investigate the creditworthiness of the other party.
• D)All of the given options.

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Definitions:

Receivership

A legal process in which a receiver is appointed to manage the property, assets, or the operations of a company facing financial distress.

Employment Contract

A formal agreement that outlines the terms and conditions of employment between an employer and an employee.

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A period of declining economic performance across an economy, marked by decreased GDP, employment, and spending.

Human Rights Commission

A Human Rights Commission is an independent institution designed to protect and promote human rights, investigating violations and providing recommendations or resolutions.