The Enforcement of Contracts and the Adjudication of Contract Disputes

question 40

Multiple Choice

The enforcement of contracts and the adjudication of contract disputes through the court system:

• A) is a major source of business inefficiency in the United States.
• B) is not common in most of Europe.
• C) is an important way to reduce transactions costs.
• D) weakens the system of property rights.

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Definitions:

Ethics Centre

A resource and meeting place that promotes ethical behavior and decision-making within an organization or community.

Ethical Mindfulness

The practice of being consciously aware of the ethical implications and consequences of our actions in everyday life.

Largely Negative

A term describing predominately negative outcomes, perceptions, or attitudes.

Unethically

Acting in a manner that is morally wrong or not in alignment with accepted standards of behavior.