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What Is the Main Limitation in the ERM Framework? Why

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What is the main limitation in the ERM framework? Why is it a limitation?


Definitions:

Consideration

In contract law, it refers to something of value exchanged between parties, which is necessary for the formation of a legally binding contract.

Sued

The action of bringing a lawsuit against an individual or entity, claiming wrongdoing or seeking remedies under law.

Unconscionable

A situation or term in an agreement that is so unjust or overwhelmingly one-sided in favor of the party with more power that it is deemed unenforceable under law.

Shocks the Conscience

A legal standard for determining whether a legal or governmental decision is so unjust or egregious that it violates fundamental fairness.

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