The International Court of Justice Normally Has Authority to Settle

question 18

True/False

The International Court of Justice normally has authority to settle legal disputes only when nations voluntarily submit to its jurisdiction.

Evaluate the conditions under which an offer can be considered irrevocable.

Understand the role of intention in the formation of legal contracts.

Distinguish between offers and invitations to treat.

Analyze contractual disputes and the principles for resolving them.

---

Definitions:

Continuous Review

An inventory management approach where stock levels are constantly monitored and replenished in real-time, often automated.

Lead Time

is the total time required to manufacture an order and deliver it to the customer, encompassing all phases from order placement to final delivery.

Demand Forecasts

Predictions about future customer demand for a product or service, based on historical data, market trends, and other influencing factors.

Safety Inventory

Stock kept in reserve to protect against uncertainties in demand or supply, ensuring customer demand can be met without delays.