A Contract That One Party Retains the Exclusive Right to Cancel

question 49

True/False

A contract that one party retains the exclusive right to cancel at any time is unenforceable.

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Definitions:

Decoding

The process of interpreting or making sense of a received message or coded information.

Communication Process

The sequence of steps through which information is conveyed from a sender to a receiver, involving encoding, transmitting, receiving, and decoding messages.

Message

A piece of information or communication conveyed from one person, group, or system to another through various means.

Communication Process Model

A conceptual framework that describes the sequence of steps involved in the successful transmission and reception of a message between communicators.