If Stakeholder Groups Have Legitimate Claims but Hold No Power

question 44

True/False

If stakeholder groups have legitimate claims but hold no power with the management of a firm, the firm need not consider being responsive to these claims.

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Definitions:

Contracts

Legal agreements between parties that are enforceable by law.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Unenforceable

A term describing a contract or clause that, due to certain deficiencies or legal restrictions, cannot be upheld or compelled by law.

Quasi-Contract

An obligation imposed by law to prevent unjust enrichment, even though no contract exists between the parties.