What is the difference between a unilateral mistake and a mutual mistake? Under what circumstances will a court refuse to rescind a contract based on the defense of a "mistake"?
What will be an ideal response?
A unilateral mistake occurs when only one party enters a contract under a mistaken assumption; a mutual mistake, on the other hand, occurs when both parties contract based on the same factual error. However, the defense of mistake is not a cure-all for all bad deals. Courts will not rescind contracts based on the following:A prediction error: a contract based on a prediction that proved wrong cannot be rescinded.A mistaken value: not knowing the value of an item is not enough to take back a deal.Conscious uncertainty: no rescission is permitted where one of the parties knows he is taking on a risk; that is, he realizes there is uncertainty about the quality of the thing being exchanged.
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Indicate whether the statement is true or false
To allow lower-level employees access to the corporate network while preventing them from accessing private human resources documents, you would use:
A. a firewall. B. an authorization management system. C. security tokens. D. an authorization policy.
ABC television network uses billboard, television, magazine, and newspaper advertising to inform viewers about new episodes of a popular television program. Therefore, ABC television network uses__________communication to promote the television program
Fill in the blanks with correct word.
Which of the following statements is true of customer relationship management (CRM)?
A. CRM can be done without collecting, managing, and applying data. B. CRM removes the possibility of having a limited relationship with one's customers. C. CRM works best when marketers combine marketing communication with one-on-one personalization. D. CRM increases seller-customer relationship by decreasing the value of the seller's product against that of its competitors'.