One criticism of ethical relativism is that:

A.It requires people to be culturally competent.

B.Some persons would take actions that they believe to be moral, but which most people in society might believe to be immoral.

C.Decisions require the measurement of quantities and qualities that are not subject to precise measurements.

D.It really requires one to take several courses in philosophy and ethics to figure out what is moral based on this ethical doctrine.

Which of the following is a false statement?

A.To exercise the power of acceptance, the common law requires an offeree to accept the offeror's offer unconditionally and unequivocally.

B.The death of a party to a contract will always result in the automatic termination of that contract since it would not be right to burden the surviving spouse or other heirs with business matters.

C.The common law "mirror image" rule generally requires an acceptance of an offer to adhere exactly to the terms of the offer.

D.A counteroffer under the common law does terminate an offer.

Which of the following is FALSE about the liability of the parties in an agency relationship?

A.When an agent acts without authority or exceeds his or her authority the principal is not liable to the third party but the agent is.

B.As a general rule a principal can go back and ratify a contract made by his or her agent even though the agent exceeded his or her authority at the time of contracting.

C.If the agent does not affirmatively disclose the existence and identity of his or her principal the third party can always get out of the contract.

D.An important aspect of the principal-agency relationship is the doctrine of imputed knowledge.

Which of the following is a true statement?

A.Legitimate competitive behavior can constitute wrongful interference with a contractual relationship if one's competitor cannot compete successfully.

B.Unintentionally causing a party to break a contract with another will constitute wrongful interference with a contractual relationship.

C.Slanderous per se statements include statements that a person has committed improprieties while engaging in a profession or trade.

D.Under the doctrine of strict liability, a defendant is liable for the results of his or her acts only if he or she intended those results.