Following Negotiations with Coastal Distribution Company,Briggs Trucking,Inc

question 56

Multiple Choice

Following negotiations with Coastal Distribution Company,Briggs Trucking,Inc.,enters into an informal contract.This means that the parties' contract

• A)requires no special form.
• B)is not enforceable.
• C)is a quasi contract.
• D)is voidable.

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Definitions:

Malpractice Suit

A legal case brought against a healthcare provider for negligence or failure to meet accepted standards of care, resulting in harm to a patient.

Court Costs

The expenses associated with legal proceedings, including filing fees, attorney fees, and other litigation costs.

Expected Monetary Value(EMV)

A calculation used in decision-making under risk, representing the sum of possible outcomes weighted by their respective probabilities and monetary impacts.

Expected Opportunity Loss Decision

A decision-making approach that minimizes the expected loss due to not choosing the best option under uncertainty.