______________________ Ethics Refers to the Actions Placed Within a Strictly

question 3

Short Answer

______________________ ethics refers to the actions placed within a strictly moral context instead of basing actions on the needs of the particular situation.

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Definitions:

Fair Market Value

The amount for which a property would be sold in an open market transaction, involving a ready seller and a ready buyer, both possessing adequate awareness of the pertinent details.

Recovery

The action of regaining possession or obtaining compensation for a loss.

Recognizance

A legal obligation, acknowledged before a court, where an individual promises to adhere to certain conditions without the need for posting bail.

Acknowledges

The act of recognizing or admitting the existence or truth of something, often formally in writing.