In the Eyes of the Law,a Person Reneging on a Contract

question 38

Multiple Choice

In the eyes of the law,a person reneging on a contract is handled as a _____ .

• A) Criminal violation.
• B) Private wrong.
• C) Social construction.
• D) Socially harmful act.

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Definitions:

Job Values

Refers to the principles and beliefs that are considered important in a professional environment, guiding employees' behavior and decision-making.

Wrongful Discharge

The unjust or illegal termination of an employee's contract of employment.

Legal Requirements

Statutory obligations that individuals or companies must follow as prescribed by law, which can vary by jurisdiction and industry sector.

Hot-Stove Rule

A principle in discipline management likening the consequences of misconduct to touching a hot stove, emphasizing that discipline should be immediate, consistent, impersonal, and informative.