Ethical Standards Emerge Only After the Negative Consequences of an Action

question 31

True/False

Ethical standards emerge only after the negative consequences of an action become apparent.

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Definitions:

Common Law of Contracts

The body of law that governs contract formation, interpretation, and enforcement, primarily derived from court rulings and precedents rather than statutes.

Tender of Goods

The offer by a seller to deliver goods to a buyer that matches the terms of the contract, including quality, quantity, and method of delivery.

Revested

The return of rights, property, or authority previously transferred or relinquished, back to the original holder.

Mixed Contract

A contract that involves a combination of goods and services, where aspects of both sale of goods law and contract for services law apply.