Name and define two types of faulty beliefs that can lead to poor ethical decisions.
What will be an ideal response?
(1) unsound assumptions and (2) failure of moral imagination.
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Which of the following statements with respect to partnership is TRUE?
A) Partnership involves two or more persons carrying on business with a view towards profits. B) Partnership involves limited liability C) Partnerships are only created when two or more persons specifically agree to be in partnership D) Partnerships are only created when they have been properly registered with the government E) Partnerships are like any form of contract: they can only be created when there is consensus between the parties in the form of offer and acceptance to that effect.
Frank's Furniture Company promised in a written agreement to purchase as much walnut wood "as it desires" from Forestry Products, Inc If Frank's purchased walnut wood from another source and Forestry Products sued, what is the likely result?
In its ads, Crunchy Inc makes various claims about its snack products. Crunchy's advertising claims would most likely be deemed deceptive if the claims A)?mislead a reasonable consumer
B)?contain vague generalities. C)?consist of what is known as puffery. D)?include obvious exaggerations.
Constructive eviction would result in a discharge of any obligation to pay rent if:
A) proper notice is given to the landlord. B) the tenant abandons the apartment. C) the tenant fixes the problem. D) he serves the landlord with a court order.