To Reform a Contract Is to Cancel It

question 66

True/False

To reform a contract is to cancel it.

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Definitions:

Dynamic Capabilities

The ability to adapt and renew competencies in accordance with changing business environment.

Renew Competencies

Refers to the process of updating and refreshing the skills, knowledge, and capabilities that are essential for individuals or organizations to remain competitive and proficient in their fields.

Business Environment

The combination of all external and internal factors that influence the operations, opportunities, and threats to an organization.

Discarded Strategy

A strategic plan or action that has been abandoned or no longer pursued by an organization.