BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Output clauses are made enforceable through the courts imposing the duty of ____ on the parties.
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fair dealing
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bankruptcy
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accord and satisfaction
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Explanation:
Detailed explanation-1: -Output clauses make contracts invalid. False. If you already owe a duty, then that duty cannot be used as consideration.
Detailed explanation-2: -Generally, business law governs partnerships, corporations, sole proprietorships, liability firms, and partnerships. It explains the business and actual estate-related laws. It examines the overall impact of computer technology on other business domains. Includes laws governing securities governance and bankruptcy.
Detailed explanation-3: -Business Law is also known as Commercial law or corporate law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.
There is 1 question to complete.