What Is the Doctrine of in Pari Delicto with Reference

question 57

Multiple Choice

What is the doctrine of in pari delicto with reference to contracts?

• A) It is a situation in which both parties are equally at fault in an illegal contract.
• B) It is a situation where only one party has unknowingly signed a contract to commit crimes.
• C) It gives minors the right to disaffirm a contract.
• D) It is a special exemption right to circumvent usury laws.

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Definitions:

Classical View

is a management approach that emphasizes efficiency, increasing worker productivity, and a hierarchical organization structure.

CSR

Corporate Social Responsibility; refers to businesses making decisions and taking actions that are beneficial for society as well as the organization.

Profits

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.

Accommodative Strategy

A corporate social responsibility strategy that accepts social responsibility and tries to satisfy society’s basic ethical expectations.