Question

In: Finance

________________ by one party to a contract entitles the other party to sue immediately for damages...

________________ by one party to a contract entitles the other party to sue immediately for damages or other remedies.

a.

Request for specific performance

b.

Denial of a request for restitution

c.

Demand of assurance of performance

d.

Anticipatory repudiation

If an employer is charged with violating anti-discrimination laws, the employer could defend itself by claiming its action was based on

a.

bona fide occupational qualification

b.

business necessity

c.

all of the choices are possible employer defenses.

d.

seniority

According to the textbook, the term ‘ethics’ refers to _________ .

a.

those behaviors that result in good publicity for a company

b.

a conscious system in place for making decisions with moral dimensions

c.

behavior people engage in when others are watching

d.

the generally accepted standards of right and wrong in a given society

According to the textbook, the term ‘ethics’ refers to _________ .

a.

those behaviors that result in good publicity for a company

b.

a conscious system in place for making decisions with moral dimensions

c.

behavior people engage in when others are watching

d.

the generally accepted standards of right and wrong in a given society

Solutions

Expert Solution

Ans:- (1)Anticipatory repudiation by one party to a contract entitles the other party to sue immediately for damages or other remedies.

Therefore the correct option is option D.

Explanation:- Anticipatory repudiation or Anticipatory breach happens when one party intentionally refuses to perform his or her obligation as per the contract between two parties. when this happens the other part can take legal remedies and can sue the other part immediately for damages or other remedies.

Other options are not true here because:-

  Specific performance is an order given by the court to perform a specific duty if one party fails to perform its duty and when monetary benefits are inappropriate.

Denial of a request for restitution is related to criminal justice not with any contract.

  Demand of assurance of performance is a type of letter given by the buyer to the seller to perform its dues.

Ans:- (2) If an employer is charged with violating anti-discrimination laws, the employer could defend itself by claiming its action was based on bona fide occupational qualification

Therefore the correct option is option (a)

Bonafide occupational qualification: -This is the quality or attributes that employers consider before hiring the employee on the job in any firm or company under specific guidelines. Under the U.S law, any discrimination on the basis of caste, religion, creed, sex, nationality etc is prohibited. But there is certain exception in which employer wants certain employees of certain religion for example in church, certain gender because of the job role. Therefore if anything goes wrong and the employer is charged with anti-discriminatory law he could defend himself with  Bonafide occupational qualification exception.

Ans:-(3) The best term which refers to ethics is a conscious system in place for making decisions with moral dimensions

Note: Pls give thumps up if this answer helps you


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