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Refer to the scenario below to answer the following questions.
Types of Problems and Decisions (Scenario)
It seems Dave spends most of his day making decisions. Every time he turns around, someone wants him to make a decision about something. This morning, the office assistant came in and asked if she could reorder paper for the fax machine. That seemed like a routine decision that he should not have to deal with. If Dave could avoid those types of decisions, then he could focus more time and attention on the more complicated issues, such as the one presented to him by the production supervisor this afternoon. According to the supervisor, a major piece of equipment urgently needs repairs, and the repair bill could cost almost as much as a new machine!
-The problem of whether to order more fax paper is __________.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize the law in all 50 states.
Shelter Principle
A legal rule in property law that protects the rights of a subsequent purchaser if the initial transfer to the seller was valid.
Status
The legal condition or position of an individual or entity in relation to others or the law.
Good Faith
An expectation for parties to act honestly and not mislead or deceive each other in a contract.
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