Very Few Organizations Are Currently Using Web 2

question 21

True/False

Very few organizations are currently using Web 2.0 technologies such as podcasts and wikis to capture the knowledge of longtime employees.

Differentiate between the UCC and other legal frameworks, such as the CISG and UCITA, concerning contract law.

Recognize the significance of choice-of-law, choice-of-language, and forum-selection clauses in international contracts.

Explain the role of the parol evidence rule and considerations for contract modifications under the UCC compared to common law.

Understand the concept and implications of rescission in contract law.

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Definitions:

Rescind

As the word is applied to contracts, to terminate the contract as to future transactions or to annul the contract from the beginning.

Rescind

To revoke, cancel, or repeal a contract, agreement, or offer, making it as though it never existed.

Concealment

In contract law, taking active steps to prevent another from learning the truth.

Nondisclosure

The obligation to keep certain information confidential and not share it without authorization, typically enforced through agreements.