Klint and Lorenz Agree to a Contract

question 9

Multiple Choice

Klint and Lorenz agree to a contract.Later, Klint alleges that his performance is impossible or at best impracticable because of circumstances unforeseen at the time the contract was formed.Hans files a suit, claiming breach.In Germany, if the court agrees with Klint, the most likely remedy is

• A)damages.
• B)reformation.
• C)rescission.
• D)specific performance.

Differentiate between ethical and unethical sales practices.

Recognize the legal boundaries of sales promotions and statements.

Identify the ethical considerations of reciprocity and tie-in sales practices.

Grasp the importance of ethical leadership and management actions in promoting ethical behavior within a sales force.

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Definitions:

Maturity Value

The total amount that will be received by an investor at the end of a bond's term or a deposit's duration, including both the principal and interest.

Term Deposit

A banking term for a fixed-term investment held at a financial institution where money is locked in for a certain period of time, earning a specified interest rate.

Simple Interest

Interest calculated only on the principal amount, or original sum borrowed or invested, without compounding.

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including both principal and interest.