What Is the Operating Ratio for This Line? Is the Line

question 52

Essay

What is the operating ratio for this line? Is the line profitable?

Identify the governing laws for different types of contracts (goods, services, employment).

Understand the principles of enforceability for noncontractual promises based on justifiable reliance.

Recognize when a contract is voidable due to material misrepresentation.

Identify the characteristics and formation of implied in fact contracts and express contracts.

---

Definitions:

Trusting Relationship

A bond between people characterized by mutual trust, respect, and honesty.

Depersonalization

An experience of feeling detached from one's thoughts, body, or sensations, often described as feeling like an outside observer to one's own life.

Dissociation

A mental process of disconnecting from one's thoughts, feelings, memories, or sense of identity, often a response to trauma or stress.

Malingering

The act of feigning or exaggerating illness or disability to escape duty or work, or to gain sympathy, aid, or compensation.