Resource Development Is Concerned with Finding the Best Way to Utilize

question 35

True/False

Resource development is concerned with finding the best way to utilize the fixed amount of resources a society has available.

Understand the principles of contract avoidance due to misrepresentation or fraud and its consequences.

Identify the scenarios where restitution as a remedy is applicable.

Comprehend the limitation and loss of the power to avoid contracts due to specific actions or inactions by the deceived party.

Understand the marginalization faced by bisexual women within gay and lesbian communities.

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Definitions:

Liability

Legal responsibility for actions or inactions that cause harm or loss to another party, often leading to the obligation to compensate for damages.

Defensive Conditions

Provisions or measures put in place to protect a party from unfair or harmful situations or actions, often found in contracts or negotiations.

Misrepresentations

False or misleading statements that may lead someone to enter into a contract or make a decision under false beliefs, potentially with legal consequences.

Actual And Apparent Authority

Actual authority refers to the power a principal intentionally gives to an agent to act on the principal's behalf, while apparent authority exists when the principal's actions lead a third party to believe that an agent has certain powers, even if such powers have not been explicitly granted.