Explain the Difference Between a Compliance-Based Ethics Code and an Integrity-Based

question 35

Essay

Explain the difference between a compliance-based ethics code and an integrity-based ethics code.

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Definitions:

Capacity to Contract

The legal ability of a person to enter into a binding agreement.

Consideration Given

The value (such as money, service, or goods) promised in a contract to persuade a party to agree to the contract.

Minor's Contract

An agreement entered into by a person under the age of legal competence, which renders the contract voidable at the option of the minor.

Disaffirm

The act of denying, rejecting, or declaring a contract or agreement void, typically used in legal contexts where an individual wants to nullify an agreement.