George is regularly retained on an ad hoc basis to mediate commercial disputes.Which of the following would a business law professor most likely indicate as being the reason George's relationship is defined by contract law?

Question

Quizplus · Accepted Answer

George's relationship with his clients is defined by contract law because he is an external professional who has been retained on an ad hoc basis. This means that he provides a specific service for a specific time period, usually outlined in a contract or agreement. While he may have professional duties and responsibilities, such as confidentiality and impartiality, they are likely defined by the terms of the contract rather than fiduciary or tort principles.

George Is Regularly Retained on an Ad Hoc Basis to Mediate