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Chris and David both arrived one hour late for work today.Chris was fired.David was given a verbal warning.Such disparate treatment for the same offense could be considered fair and equitable for all of these reasons EXCEPT:
Gap-Filling Presumptions
Legal principles or standards applied in contract law to address situations where the parties' agreement does not specify certain terms or conditions.
Mirror Image Rule
A principle in contract law stating that an offer must be accepted exactly without modifications for a valid contract to be formed.
Material Changes
Significant alterations or modifications that could affect a company’s financial condition or the value of its shares, requiring disclosure to shareholders and regulatory bodies.
Arbitration Provision
A clause in a contract that requires the parties to resolve disputes through arbitration rather than litigation.
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