The New Technology That Led to Factories Brought About a New

question 21

Multiple Choice

The new technology that led to factories brought about a new _____ capitalism.

• A) religion that despised
• B) ideology that praised
• C) morality to ameliorate the negative effects of
• D) worker-owned form of

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Definitions:

Ownership

The legal right or title to an asset or property, granting the holder complete control over its use and distribution.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.

Bailment

A legal relationship where physical possession of personal property is transferred from one person to another under agreement that the property will be returned or otherwise disposed of according to the owner's directions.

Written Agreement

A legally binding contract documented in written form between two or more parties.