Examlex
Which of the following statements is supported by the contingency approach to management?
Breach Of Contract
Breach of Contract occurs when one party fails to fulfill their obligations under the contract, allowing the other party to seek damages or enforcement.
Standardized Form Contracts
Pre-prepared legal agreements that are not tailored to individual negotiations but used universally across many transactions.
Negotiable
Capable of being transferred from one party to another as a form of payment or as fulfilment of a contract.
Voidable Contract
A legal agreement that may be considered invalid upon the request of one of the parties due to certain defects, such as misrepresentation or lack of capacity at the time of execution.
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