Conditions in Contracts

question 42

Multiple Choice

Conditions in contracts:

• A) should not be created orally.
• B) can be created only by using special words.
• C) can be impliedly created.
• D) should always occur concurrently.

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Definitions:

Cause-and-effect Relationships

The principle that every event (cause) leads to an outcome (effect), used to understand and explain patterns and phenomena.

Environmental Uncertainty

The degree to which future states of the environment are unpredictable, impacting an organization's decision-making processes.

Levels of Uncertainty

Different degrees of unpredictability or lack of information about future events or outcomes.

Top Executives

Individuals who hold the highest level positions in organizations, responsible for making strategic decisions.