Leroy Was Recently Elected to the Position of Chair of His

question 27

Multiple Choice

Leroy was recently elected to the position of chair of his department at the university.With regard to department business,Leroy now has which type of power?

• A) Reward
• B) Expert
• C) Legitimate
• D) Coercive

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Definitions:

Breach Of Contract

The failure to perform as explicitly stated or implied within the terms of a contractual agreement.

Option Contract

A contract granting one party the right, but not the obligation, to buy or sell a good or asset at a predetermined price within a specific time frame.

Postbox Rule

The Postbox Rule, also known as the mailbox rule, is a legal principle that determines the moment at which an offer is considered accepted, typically the moment the acceptance is sent.

Binding Contract

A legal agreement between two or more parties that is enforceable by law.