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Jennifer has come to realize that conflict has both functional, as well as dysfunctional, outcomes. She has observed examples of both in her organization.
-Jennifer's boss decides to implement a new policy whereby employees provide regular, formalized feedback to their supervisors. Employees are encouraged to evaluate and criticize their superiors. Based on your understanding of functional conflict, is this policy likely to benefit Jennifer's company?
Main Purpose Doctrine
A legal principle stating that if the main purpose of a guarantor to provide a guarantee is to serve their own interests, they may not require the benefit of the creditor first exhausting remedies against the principal debtor.
Leading Object Rule
A legal principle that allows for the enforcement of oral contracts that are unenforceable under the Statute of Frauds if they are admitted to in court by the party against whom the contract is sought to be enforced.
Usage of Trade
Established customs and practices commonly observed and accepted in a particular industry or trade.
UCC
The Uniform Commercial Code, which is a comprehensive set of laws governing sales and commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across the country.
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