In a Lawsuit Between the Bank and Ted Regarding the Reward

question 64

Multiple Choice

In a lawsuit between the bank and Ted regarding the reward funds,who is likely to prevail and why?

• A) The bank is likely to prevail because Ted only provided past consideration.
• B) The bank is likely to prevail because Ted had a preexisting duty to catch Victor.
• C) The bank is likely to prevail because Ted's promise to catch Victor was illusory.
• D) Ted is likely to prevail because his promise to catch Victor resulted in a binding bilateral contract.
• E) Ted is likely to prevail because an enforceable unilateral contract exists based on his performance.

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Definitions:

Acceptance of Change

The willingness or ability of individuals and organizations to adapt to new conditions, innovations, or transformations.

Unfreezing

The initial stage in the change process where existing patterns are destabilized or questioned to prepare for the introduction of new ways of functioning.

Resistance

The reluctance or opposition to change, often manifesting in organizational settings when employees push back against new policies or changes.

Organizational Change

The process within an organization of implementing new methods, procedures, or technologies to adapt to internal or external shifts.