Asked by Sophie Hansen on May 16, 2024

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Canceling a contract for a technicality when market prices are falling is considered an acceptable and ethical practice.

Canceling

involves terminating an agreement, order, or subscription, effectively ending an arrangement or contract.

Technicality

A minor detail affecting a legal decision or process that may have implications for the outcome of a case or the execution of a contract.

Ethical Practice

The adherence to moral principles and standards in professional and personal actions, ensuring fairness, transparency, and integrity.

  • Identify equitable practices in the treatment of suppliers during competitive bidding scenarios.
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Nicklaus PonteMay 22, 2024
Final Answer :
False
Explanation :
Canceling a contract solely for a technicality when market prices are falling is generally considered unethical and may be seen as taking advantage of the other party. It is important to consider the spirit of the contract and act in good faith.