Sociologist Edward Banfield Proposed the Theory That When Patterns of Social

question 4

True/False

Sociologist Edward Banfield proposed the theory that when patterns of social stratification become hardened or institutionalized, a system of layered hierarchy has been established throughout society.

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Definitions:

Unconditional Promise

denotes a commitment or guarantee made without stipulating any conditions - the promisor must fulfill their obligation, regardless of external circumstances.

Requirements For Negotiability

The legal criteria that a document must meet to be considered negotiable, allowing it to be transferred or endorsed.

Contract Formed

The process of creating a legally binding agreement, requiring offer, acceptance, consideration, and mutual consent among parties.

Negotiable

Capable of being transferred or exchanged for value between parties, often referring to financial instruments like checks or bills of exchange.