Discuss defenses available to the promisor in an action by an intended third-party beneficiary to enforce the promise
In an action by an intended beneficiary to enforce the promise, the promisor may assert any defense that would be available to him if the action had been brought by the promisee. The rights of the third party are based on the promisor's contract with the promisee. The promisor may assert such defenses as absence of mutual assent or consideration, lack of capacity, fraud, or mistake. After an intended beneficiary's rights have vested, the promisor may not assert the defense of contractual modification or rescission entered into with the promisee.
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The chronological pattern is used most often with topics involving ______.
a. history occasions or development of an event b. location or physical relationship c. the impact of one thing on another d. steps required to address a problem
Informal cognitive institutions are not important to international managers because such managers localize their hiring, so they can draw on local talent.
Answer the following statement true (T) or false (F)
Joanne's colleagues praise her ability to remain calm under all circumstances. Joanne is confident about her professional skills and can perform well under pressure. Which of the following Big Five personality dimensions is best reflected by Joanne in this scenario?
A. High adjustment B. High openness to experience C. Weak surgency D. Weak conscientiousness
Lubinsky Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes.??Fixed Element per MonthVariable Element per Well Serviced?Revenue?$4,300?Employee salaries and wages$40,800$1,300?Servicing materials?$500?Other expenses$29,000?When the company prepared its planning budget at the beginning of August, it assumed that 28 wells would have been serviced. However, 31 wells were actually serviced during August.Required:Prepare a report showing the company's activity variances for August. Indicate in each case whether the variance is favorable (F) or unfavorable (U).
What will be an ideal response?