Which of the following statements is true of termination by operation of law?
A) If one of the parties dies, that party's legal heir assumes the role held by that party in a principal-agent relationship.
B) If an agent is bankrupt, a principal-agent relationship is terminated.
C) If performance is rendered impossible by uncontrollable circumstances, a principal-agent relationship is terminated.
D) When a principal-agent relationship is terminated by law, the principal must notify the third parties.
C
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Which of the following is true about functional planning?
A) It is conducted by the various functional areas of a firm. B) It is also called hierarchical management. C) It encompasses a longer time span than strategic planning does. D) It covers a shorter time span than operational planning does. E) It is the same as strategic planning.
In some states, an otherwise unenforceable oral contract may be enforced under the doctrine of promissory estoppel
Indicate whether the statement is true or false
According to the similarity-attraction approach, a team with high diversity will have high team effectiveness.
Answer the following statement true (T) or false (F)
Article 2 allows the parties to enter into a binding agreement even though the contract price is to be determined at a later date
a. True b. False Indicate whether the statement is true or false