Which of the Following Is True Regarding the Right of a Third

question 66

Multiple Choice

Which of the following is true regarding the right of a third party to reject the performance of the principal?

• A)The third party may reject the performance of the principal at any time.
• B)The third party may never reject the performance of the principal.
• C)The third party may reject the performance of the principal if the third party entered into a contract with the agent such that the performance of the agent is required.
• D)The third party may reject the performance of the principal if the third party entered into a contract with the agent such that the performance of the agent is required or the third party can establish that the third party had been involved in past litigation with the principal.
• E)The third party may reject the performance of the principal if the third party entered into a contract with the agent such that the performance of the agent is required,the third party can establish that the third party had been involved in past litigation with the principal,or the principal owes money to the third party

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Definitions:

Management Philosophy

A set of beliefs or principles that guide how an organization is managed and how decisions are made.

Organizational Myths

Widely held but false beliefs within an organization that influence its culture and decisions.

Social System

An organized collection of roles and norms that regulate the behavior and expectations of individuals within a group.

Rituals

Are formal, often repeated behaviors and practices that carry symbolic meaning within a culture or organization.