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xz_007 [3.2K]
3 years ago
6

Before you bring your car to a mechanic, you read reviews of the mechanic on a service review website like Yelp, to ensure that

she is trustworthy, honest, and competent. This is an example of what?
Social Studies
1 answer:
anzhelika [568]3 years ago
4 0

The correct answer is an institution helping to rectify a principal-agent problem

Principal-agent problem addresses the difficulties that can arise in conditions of asymmetric and incomplete information, when a principal hires an agent, such as the problem of potential conflict of interest and moral hazard, as the principal is presumably hiring the agent to pursue the principal's interests.

Various mechanisms can be used to try to align the interests of the agent with those of the principal, such as part payments, commissions, profit sharing, performance measurement (including financial statements), establishing an agent liaison or fear of dismissal.

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Oral evidence to ""fill in the gaps"" of a contract with incomplete terms can be introduced at a trial.
Katen [24]

Oral evidence to ""fill in the gaps"" of a contract with incomplete terms can be introduced at a trial. The statement is true .

At a trial, oral testimony can be used to "fill in the gaps" of a contract with omitted clauses. Any agreement that is not in writing is null and void according to the Statute of Frauds. Ordinarily, an oral agreement that is supposed to be in paper is void.

Oral evidence can be shown by a witness who was present when they occurred or by a recording of the agreement at the time it occurred. This could be the proof that a person offers to support their claim. Oral agreements are dangerous and unsafe since one never knows when someone will retract their own claims.

To learn more about oral evidence here

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avanturin [10]

Answer:

I think D is the one you can pick.

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