An Agent Must Have Capacity to Contract

question 75

True/False

An agent must have capacity to contract.

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Definitions:

Instrumental Values

Values that act as means to an end, guiding behavior towards achieving certain goals or desirable states.

Terminal Values

Core life goals or end states of existence that an individual strives to achieve, such as happiness, personal fulfillment, and peace.

Values Conflict

A situation where two or more values that one holds are in opposition, leading to an ethical dilemma or discomfort.

Traditional Values

Core principles or standards of behavior passed down within a society that uphold its cultural and social norms.