The Courts Will Generally Still Allow a Wrongdoer to Enforce

question 11

True/False

The courts will generally still allow a wrongdoer to enforce a contract against an innocent party.

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions in a free market.

Price Mechanism

The process by which the forces of supply and demand determine the prices of goods and services in a market economy.

Equity

The value of ownership interest in a company, typically represented by shares of stock.

External Cost

Refers to the cost that is not borne by the individual or entity causing it but by society or the environment, such as pollution.