What Is a Valid Criticism of the Common Law with Respect

question 68

Multiple Choice

What is a valid criticism of the common law with respect to the current application of an implied term of good faith by the courts when considering dealings between contractual parties?

• A) Business interests are not served by good faith conduct of contractual obligations.
• B) Business interests are not opposed to bad faith conduct to achieve added benefit.
• C) Opposing rulings create uncertainty,which is not the function of common law.
• D) Opposing rulings maintain the rule that parties must take care of themselves.

---

Definitions:

Capital Production

The creation of goods or services using capital goods, contributing to the productive capacity of an economy.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with fixed resources and technology over a given period of time.

Unemployment Rate

A metric that calculates the fraction of the working population that is without a job and seeking employment.

Technology Improvement

Enhancements or innovations in technology that lead to better products, more efficient production processes, or new industries.