Such Social Policies That We Take for Granted in Modern

question 71

Multiple Choice

Such social policies that we take for granted in modern societies as the limited work day or factory safety rules can be traced to the ideas of

• A) Karl Marx.
• B) Herbert Spencer.
• C) William Graham Sumner.
• D) William J.Wilson.

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Definitions:

Cure

A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.

Price Reduction

A decrease in the selling price of goods or services, often used as a strategy to increase consumer demand or clear out inventory.

Void Contract

An agreement that lacks legal enforceability or is null from its inception due to certain legal deficiencies.

Installment Contract

A contract that requires periodic payments over time for the purchase of goods or services.