In legislature, any consequences of legislation enacted to cancel budget authority previously provided by Congress before the time when the authority would otherwise lapse is called a rescission.
<h3>What do we need to understand about
rescission?</h3>
In legal term, a rescission refers to when a contract is rendered null and void, and so is no longer recognized as legally binding. As such, the ruling courts can free the non-liable parties from their agreed obligations and will effectively seek to restore them to the position they were in before the contract was signed.
In contract law, a rescission can always occur when there is a material error in the contract, evidence of fraud, a lack of legal or mental capacity as well as other applicable circumstances.
In a typical court, the rescission is seen as an equitable remedy and is discretionary and a synonym for termination at law. A ruling court may decline to rescind a contract if one party has affirmed the contract by his action or a third party has acquired some rights or there has been substantial performance in implementing the contract.
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Answer:
Function
Explanation:
Functional departmentalisation is when staff who perform similar functions are put in the same department.
Examples of functional departmentalisation includes- marketing department, production department, finance department, human resources department.
Advantages of functional departmentalisation include:
1. It makes coordination of activities easier
2. It enhances supervision of staff
3. It enhances specialisation.
Functional departmentalisation can lead to overspecialisation and the inability of managers to perform in other departments other than their primary departments.
Other types of departmentalisation are :
1. Customer departmentalisation
2. Geographic departmentalisation
3. Process departmentalisation
4. Product departmentalisation
Answer:
The least likely method of assisting the correspondence clerk to improve her performance would be sanctions and threat of dismissal.
Explanation:
As manager who has supervised the clerk for many years and only recently noticed a drop in performance, sanctions and threat of dismissal would be the least effective method of improving her performance.
The drop in performance levels of the clerk might be due to different factors: it could be as a result of fatigue and burnout and she only needs a few weeks of vacation, it could be financial or family problems or work related stress.
The best way to assist the clerk is by talking to her and trying to find out if she has any underlying problems and see if they can be dealt with. Dialogue is very powerful as you can discover things that the employee would ordinarily not tell you about.
Threats of dismissal and sanctions would be counter productive because it will add to her growing list of problems, thereby increasing stress and severely limiting performance.
Kurtis new annual premium will be (35%x 588.00) + 588.00= 35/100 x 588.00 + 588.00 =$793.80.
Answer:
Production Orientation
Explanation:
As the industrial revolution came to the United States, stringent economic conditions as a result of the period from the 1920s through the 1940s made so many organizations to fail despite the fact that they operated in a production orientation. This made companies to begin to search for other way to ensure the possibility of the exchange.