A voidable contract remains binding on the victimized party until it is:
A. invalidated
B. ratified
C. qualified
D. rescinded
Answer: D. rescinded
Explanation: The victimized party to a voidable contract must take action to rescind the contract. If this is not done within a reasonable period of time, a court could decide that the contract has been ratified.
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The owner of Khan Chemicals sees employee John steal $10 from a company cash register. John has never been in trouble at work before. The employer
A) can fire John without payment because stealing is a fundamental breach of the employment relationship B) cannot fire him but must use progressive discipline C) can fire him and will be able to pay a lesser amount of common-law notice because of the stealing D) can fire him and will only have to pay compensation based on statutory notice because of the stealing E) both C and D
Which selection strategy is most appropriate when a large number of applicants are being considered for a position?
A) Single-variant B) Multiple-hurdle C) Statistical D) Clinical