"From Each According to His Abilities,to Each According to His

question 71

Multiple Choice

"From each according to his abilities,to each according to his needs" is a motto that would most likely be found in

• A)a relationship characterized by equity.
• B)a capitalist culture.
• C)a non-capitalist culture.
• D)a relationship characterized by conflict.

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Definitions:

Unenforceable Contract

A contract that is not legally binding and cannot be enforced by law due to certain deficiencies or lack of key requirements.

Adequacy of Consideration

A legal principle that examines whether the value exchanged in a contract is fair and reasonable to all parties involved.

Contract Formation

The process by which parties agree on the terms of a contract, leading to a binding agreement; typically involves offer, acceptance, consideration, and mutual intent.

Past Consideration

A concept in contract law that refers to a benefit or act that has already been given or performed before the promise is made, which is not valid consideration for a current contract.