A customer ordered fried chicken strips at the drive-in window of Famous Burger. One of the "strips" turned out to be an entire
chicken head, battered and deep fried. Famous Burger tested the head and found that it was, indeed, cooked in their batter and in their oil. Pictures of the customer with the fried head showed up in newspapers and on the Internet. Famous Burger offered the customer a cash settlement in exchange for promises to not divulge the amount of the settlement, sue Famous Burger over the incident, or ever speak of it in public again. Agreeing NOT to exercise these three rights in exchange for the settlement is an example of ______.
A customer ordered fried chicken strips at the drive-in window of Famous Burger. One of the "strips" turned out to be an entire chicken head, battered and deep fried. Famous Burger tested the head and found that it was, indeed, cooked in their batter and in their oil. Pictures of the customer with the fried head showed up in newspapers and on the Internet. Famous Burger offered the customer a cash settlement in exchange for promises to not divulge the amount of the settlement, sue Famous Burger over the incident, or ever speak of it in public again. Agreeing NOT to exercise these three rights in exchange for the settlement is an example of <u>forbearance</u>.
Forbearance in law refers to the act of refraining to seek legal actions, to sue or enforce a right. This is usually accepted after out of court settlement between the parties involved.
In 1846 the Oregon Treaty was signed between the US and Britain to settle the boundary dispute. The British gained the land north of the 49th parallel, including the Vancouver Island and the United States received the territory south of the parallel.
Buying call options is a trading strategy of securing financial contracts that give the buyers the privilege to buy a bond, stock, or other assets at a specified price, called strike price, for a certain period of time.
People, especially traders, buy call options when they expect the price of a commodity or asset to rise higher in the near future. It helps them to buy large amounts of commodities or assets at a specified price even when the price value of such commodities or assets increases in the future.
