Legal and Ethical Considerations for Business

____ is the normal measure of damages for breach of contract, because we want to avoid ___.

• Specific Peformance
• Economic Waste
• Benefit of the Bargain
• Unique or one-of-a-kind

____ is the measure of damages for breach of contracts that involve ______ goods.

• Specific Peformance
• Economic Waste
• Benefit of the Bargain
• Unique or one-of-a-kind

Extra Credit: Which of these does the law want to discourage:

• Crimes
• Negligence
• Intentional torts
• Breach of contract

Extra Credit: Which of these does the law want to encourage, if it avoids economic waste:

• Crimes
• Negligence
• Intentional torts
• Breach of contract

True or False. You can have a ethically duty without a legal duty, and vice-versa.

• True
• False

To dedide whether there was apparant authority to enter a contract, we look at:

• Whether the agent acted like a reasonable person
• Whether the principal acted like a reasonable person
• Whether a reasonable person would believe that the agent had authority to enter the contract for the principal
• All of these
• None of these

Which of these are employees NOT personally liable for, even if they are acting within the scope of their employment:

• Negligence
• Intentional Torts
• Crimes
• Acts that their employer prohibits
• Breach of contract

Which of these can the business liable for, if their employee was acting within the scope of their employment:

• Negligence
• Intentional Torts
• Crimes
• All of these
• Acts that their employer prohibits

Businesses often decide to use _____ , instead of _____, to reduce costs and legal liability.

• employees, independent contractors
• independent contracts, employees
• cats, dogs
• wheels, doors
• mayonnase, mustard

Businesses can be liable for torts or crimes committed by their ____, but not by _____.

• employees, independent contractors
• independent contracts, employees
• cats, dogs
• wheels, doors
• mayonnase, mustard