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Steven used to always work his full shift.Several of his coworkers would clock out for lunch and then clock back in a few minutes later but still take an hour for lunch and get paid for the time they are at lunch.Steven decided he should do the same thing so that he would be paid the same as his coworkers for doing the same amount of work.It appears Steven is at the _________ of moral development.
Exclusive Dealing Contracts
Agreements where a retailer or distributor is obligated to buy from only the contracted supplier, thereby limiting the retailer's ability to purchase from other vendors.
Sufficient Consideration
A vital element in contract law, referring to something of value exchanged between parties that is necessary to form a legally binding agreement.
UCC
Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
New Consideration
In contract law, additional or different terms, conditions, or considerations offered upon renegotiating or amending an existing agreement.
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