Asked by Fallon Elise on May 26, 2024
Verified
Which of the following terms refers to a widely shared view about what ideas,interests,institutions,or freedoms promote public welfare?
A) Void contract
B) Public policy
C) Implied-in-fact policy
D) Express contract
Public Policy
Principles and standards considered by the government to be of benefit to the community and used as a guide for legislative action.
- Identify the foundation of public policy that justifies restrictions on competition within contractual agreements.
Verified Answer
JP
Jason PatronikMay 29, 2024
Final Answer :
B
Explanation :
The term public policy is impossible to define precisely.Generally,it is taken to mean a widely shared view about what ideas,interests,institutions,or freedoms promote public welfare.
Learning Objectives
- Identify the foundation of public policy that justifies restrictions on competition within contractual agreements.