Rick Tells Dan That Sue Will Inherit a Mansion If

question 37

Multiple Choice

Rick tells Dan that Sue will inherit a mansion if she pays him back an old debt.Since Sue is unable to pay the debt,Dan offers to pay it,provided that he gets the mansion from Rick.The agreement between Dan and Rick need not be in writing under the:

• A)collateral contract rule.
• B)parol evidence rule.
• C)leading object rule.
• D)part performance rule.

Understand the concept of mandated boundaries of conduct and their importance in business practices.

Realize the significance of ethical compliance programs in preventing and detecting corporate misconduct.

Recognize the role of self-regulation and external bodies in managing business conduct and consumer disputes.

Assess the balance between profit, business objectives, and societal expectations and desires.

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Definitions:

Substantial Harm

Significant damage or injury, often used legally to describe the severity of an action's impact on a person or property.

Section 5

A provision within a specific law or regulation, typically requiring context to determine its specific application or meaning.

Advisory Opinions

Opinions provided by courts or regulatory agencies on legal issues, often without the presence of an actual case or controversy.

Federal Trade Commission

A U.S. government agency tasked with protecting consumer rights and eliminating anticompetitive business practices. This is a more detailed definition of the FTC.