1. What is the definition of business ethics?
2. What is meant by the term social responsibility?
3. Identify two purposes that a code of ethics might serve in a business.
4. How is a contract generally defined?
5. What are the different classifications of contracts? (List and explain).
6. What are necessary elements of a legal contract? (List and explain).
7. How is a contract properly discharged?
8. Explain the term breach of contract.
9. What are two possible remedies for a breach of contract?
10. What is tort law? Why it is important for a business manager to have a basic understanding of tort law?