The Good Thing About a Salary,according to Simmel,is That

question 83

Multiple Choice

The good thing about a salary,according to Simmel,is that:

• A) you are always paid higher than a wage earner.
• B) it is the same as piecework payment: so one can barter to get a higher wage.
• C) workers still get paid, even if the electricity goes out for the day and no work gets done.
• D) it lasts long after a person has retired.

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Definitions:

Consideration

The value (such as money, service, or goods) that is exchanged between parties in a contract, making the agreement legally binding.

Value

The importance, worth, or usefulness of something, often in terms of money, social benefits, or personal significance.

Shelter Principle

A legal rule in negotiable instruments law that allows a person who obtains a negotiable instrument under certain conditions to acquire greater rights than the transferor had.

Holder-In-Due-Course Status

is a legal status that protects a purchaser of debt when they acquire it for value, in good faith, and without notice of certain adverse claims or potential defenses.