A Rescission of a Contract May Occur When Either Party

question 39

True/False

A rescission of a contract may occur when either party chooses to end the agreement.

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Definitions:

Normative Commitment

A feeling of obligation to remain with an organization because of moral or ethical beliefs.

Time Employed

The duration or period an individual has been working in a particular job or organization.

Normative Commitment

A feeling of obligation to continue employment with an organization due to shared values and beliefs.

Affective Commitment

An employee’s emotional attachment to, identification with, and involvement in the organization.