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Moral dilemmas often involve choosing between two "rights" or "goods." Rushworth Kidder identifies three mind-sets for addressing moral dilemmas, which are
Bilateral Contract
An agreement where each of the two parties makes a promise or set of promises to the other, creating mutual obligations.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.
Stock Option
A financial instrument granting the holder the right, but not the obligation, to buy or sell a stock at an agreed-upon price within a certain period.
Detrimental Reliance
A legal principle where a party suffers harm by relying on a misleading statement or promise of another.
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