A contract cannot be rescinded if there has been a mutual mistake.
Answer the following statement true (T) or false (F)
False
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Import quotas tend to lead to all of the following EXCEPT
a. domestic producers of the imported good being harmed. b. domestic consumers of the imported good being harmed. c. prices increasing in the importing country. d. prices falling in the exporting country.
How does the text recommend that a company operate if it wants to be successful in the information age?
A. Interdependently between departments. B. Together as one department with little or no independence. C. Functionally independent between departments. D. Each department acting as its own individual business unit.
Is there a way Lindell could have managed this situation better?
A) No. Sometimes things happen that are out of the sales representative's control. B) No. If he had contacted John proactively that would have been an admission of guilt. C) Yes. He could have apologized immediately for the late delivery and kept John apprised of the situation. D) Yes. He could have offered to refund John's money and take the machines back. E) Yes. He could have waited a few days to contact John about the delay.
Explain what the General Agreement on Tariffs and Trade (GATT) is and give pro and con arguments concerning this agreement