Sollane Inc

question 122

Multiple Choice

Sollane Inc.is an online shopping portal.Which of the following is most likely to be included in the company's strategic planning?

• A)Fixing tight deadlines for tasks to be completed by employees
• B)Openly communicating with the customers in the event of delayed delivery of products
• C)Creating a mobile application to ease the customers' shopping experience
• D)Offering incentives and additional benefits to motivate employees

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Definitions:

Incidental Beneficiary

An incidental beneficiary is a third party who may benefit from a contract between two other parties, even though the benefits were not directly intended for them.

Privity of Contract

The legal principle that a contract confers rights and imposes obligations only on the parties to the contract, barring any third party from enforcing or interfering with the agreement.

Policy Proceeds

The amount paid out on an insurance policy, typically upon the occurrence of the event insured against.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize legal standards across states.