ETH 321 help A Clearer path to student success/uophelp.com ETH 321 help A Clearer path to student success/uop | Page 12
rule of law
Federal law and business leaders alike favor ____________ as a means
of governing private business ethics.
•
establishment of federal regulators in all private companies to establish
and enforce ethical standards
•
self-regulation by companies
•
giving the federal government exclusive jurisdiction regarding ethics
and ethics violation enforcement
•creating uniform statutes of business ethics
Which of the following is true in cases where only one party drafts the
contracts that contain terms that appear vague and ambiguous to the
other party?
•
The court will interpret the ambiguous and vague terms against the party
that drafts them.
•
The court will declare the drafting party’s behavior as a tort due to
intentional ambiguity of terms.
•
The court will interpret the terms as they mean in the common language.
•
The court will reject the non-drafting party’s attempt to reinterpret the
terms after the contract has been signed.
Myra offers to sell her home to Hanna for “about $100,000 plus closing
costs.” Hanna accepts Myra’s offer, but later a dispute arises concerning
the precise dollar amount of the purchase price. How will a court resolve
this dispute?
•
The court will appoint a licensed real estate appraiser to determine the
price to be paid by Hanna.