Asking Spotlight Questions Is a Powerful Way to Test Whether

question 92

True/False

Asking spotlight questions is a powerful way to test whether a decision is consistent with an individual's personal ethical standards.

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Definitions:

Executory Promise

An agreement between parties that has not yet been fulfilled or completed.

Valid Consideration

Something of legally sufficient value that is exchanged between parties in a contract, forming the basis for the agreement.

Contract

A legally-binding agreement between two or more parties that outlines obligations and rights of the parties.

Holder in Due Course

A party possessing a negotiable instrument (like a check) in good faith and for value, with certain protections against claims and defenses.