Set Forth the Ways Discussed in the Text in Which

question 100

Essay

Set forth the ways discussed in the text in which the directors and officers of Enron failed in their duty of care.

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Definitions:

Substantially Perform

Fulfilling enough of a contractual obligation or duty that any remaining uncompleted parts are considered minor or insignificant.

Accord and Satisfaction

A legal settlement where two parties agree to resolve a dispute by the debtor providing payment or performance that is different from what was originally owed.

Operation of Law

Changes in legal rights or obligations that occur automatically due to legal rules, rather than the action of any party.

Contract

An agreement recognized by law, involving multiple parties, that details their responsibilities and privileges.