Given a Community Worker for the Red Cross Gets Paid

question 1

Multiple Choice

Given a community worker for the Red Cross gets paid less money than a professional soccer player, this means that:

• A)a soccer player is valued more by society than a community worker
• B)labour markets are generally inefficient and inequitable
• C)a soccer player generates more revenue in the economy than a community worker
• D)none of the above are true

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Definitions:

Breach of Contract

The failure, without legal excuse, to perform any promise or obligation stated in a contract, which may entitle the other party to legal remedies such as damages.

Hochster v. De La Tour

A landmark English contract law case establishing that a party may sue for anticipatory breach as soon as the other party unequivocally indicates that they will not perform the contract.

Substituted Contracts

Agreements that replace and satisfy the obligations of a previous contract, often used to revise terms or settle disputes.

Existing Promise

A commitment or agreement already in place, often referring to contractual obligations.