Principles of Personal Ethical Behavior Include

question 127

Multiple Choice

Principles of personal ethical behavior include

• A)integrity.
• B)respect for others.
• C)fairness.
• D)all of these.

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Definitions:

Private Sale

The sale of property or goods directly from the owner to a buyer without the use of public auctions or marketplaces.

Commercially Unreasonable

Actions or decisions in business that are not justifiable from a commercial standpoint, often leading to disputes.

Bona Fide Purchaser

An individual who purchases an item in good faith, without knowledge of any existing claims or defects on the property.

Security Interest

A legal claim or lien on collateral that secures the fulfillment of an obligation, often used in lending to ensure repayment.