"A Third Criterion Is to Impose and Enforce Rules Fairly

question 73

Multiple Choice

"A third criterion is to impose and enforce rules fairly and impartially to ensure justice or an equitable distribution of benefits and costs." Which of the following statements is true regarding this criterion?

• A) Union members typically oppose this view.
• B) It justifies paying people based on their performance.
• C) It promotes risk taking and innovation.
• D) It increases productivity.
• E) It protects the interests of the underrepresented and less powerful.

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Definitions:

Consideration

In contract law, the value (which could be an action, object, or service) that is exchanged between parties entering into a contract.

Consideration

a legal principle involving something of value exchanged between parties within a contract, making the agreement enforceable.

Accord And Satisfaction

An arrangement between contracting parties whereby one of the parties substitutes a different performance for his or her original duty under the contract. The promise to perform the new duty is the accord, and the actual performance of that new duty is the satisfaction.

Liquidated Debt

Debt for which there is no dispute between the parties about the fact that money is owed and the amount of money owed.