The Theory of the ____________ Says That Right and Wrong

question 49

Multiple Choice

The theory of the ____________ says that right and wrong have no intrinsic value, but instead are determined by circumstance, situation, or even personal preference.

• A) ethical relativism
• B) realistic ethics
• C) social ethics
• D) market value ethics

Identify the legal requirements and significance of output and requirements contracts under the UCC.

Discuss the criteria for the enforcement of promises made in the context of settling legal claims or debts.

Understand how modifications to contracts are treated under the law regarding consideration.

Examine how statutory provisions affect the consideration requirement in specific contexts, such as bankruptcy or reaffirmation agreements.

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Definitions:

Rawls's Justice Theory

A philosophical framework proposing principles of justice, including the maximin strategy for social and economic inequalities, ensuring the most extensive basic liberties for all.

Outcomes

In legal contexts, this term refers to the final results or consequences of legal proceedings or actions.

Begging The Question

A logical fallacy in which the conclusion of an argument is assumed in the formulation of the argument itself.

Slippery Slope

A logical fallacy that suggests a minor action will lead to major and oftentimes negative consequences without providing evidence for such a drastic outcome.