Modern Socialism Has Been Popularized Largely Through the Work of

question 107

Multiple Choice

Modern socialism has been popularized largely through the work of

• A) Adam Smith.
• B) Karl Marx.
• C) David Hume.
• D) Thomas Hobbes.

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Definitions:

Substantive Unconscionability

A principle in contract law that allows courts to refuse to enforce a contract or clause deemed to be so unfair or unjust towards a party that it is oppressive.

Mirror Image Rule

A principle in contract law stating that an offer must be accepted exactly without modifications; any changes negate the original offer and create a counteroffer.

Modified

Changed or altered from its original form or condition.

Without Reserve

In an auction context, it refers to the selling of items without any minimum bid requirement, allowing the sale to the highest bidder regardless of the bid amount.