Courts developed strict liability in tort when strict liability under contract law proved too restrictive
a. True
b. False
Indicate whether the statement is true or false
True
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Setting a direction is the leadership activity that involves developing a strategic vision of what the organization could become.
Answer the following statement true (T) or false (F)
Explain the main key points regarding asset and liability measurement made in SFAC No. 7.
What will be an ideal response?
Someone who makes moral and ethical decisions based on his own beliefs is applying which
moral theory? A) Utilitarianism B) Ethical relativism C) Ethical fundamentalism D) Kantian ethics E) Rawls's distributive justice theory
What is a force majeure event?
A)any action that makes the contract unprofitable for either party B)any finding in a contract that shows a provision was deliberately left unclear C)a disruptive, unexpected occurrence for which neither party is to blame that prevents one or both parties from complying with a contract D)any happening that fulfills one of the conditions in the contract, making it enforceable