When neither party consents but an effect or results or liability or right is created this is called?

1 answer:

8 0

The answer is Operation of Law. This is a legal term that points out that a right or liability has been formed for a party, irrespective of the intention of that party, because it is ordered by existing legal principles. For example, if an individual dies without a will, his or her heirs are resoluted by operation of law. Similarly, Adverse possession, in which title to land go by because non-owners have engaged it for a definite period of time, is another significant right that vests by operation of law.

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Answer: Option B

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Just like every other planning it also takes both internal and external environment into consideration. There is no fixed time frame for which the contingency planning is done.

Hence from the above we can conclude that the correct option is B.

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8. True False.

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Which of the following are government policies designed to deal with monopolies?

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Answer:

All options apply

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i) The government can establish antitrust laws to increase market competition.

ii) The government can set rules that regulate the behavior of monopolies, e.g. setting price ceilings

iii) Some natural private monopolies can be bought by the government (usually local or regional) and turned into public companies, e.g. utilities

iv) The government can simply do nothing at all and hope that the market will by itself correct this issue when new competitors enter the market, e.g. Microsoft

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