Ethics are a collection of standards of conduct and moral judgement forming the basis for a reasoned, impartial decision about what is right or wrong. Ethical decisions are impartial, meaning that they apply to everyone. When it comes to ethics there are two types of reasoning: Consequences-based ethical reasoning and rule-based ethical reasoning. Consequences-based ethical reasoning is right or wrong is only based on the results of the action and rule based ethical reasoning is when someone believes every act is either right or wrong. In the eyes of the law, laws are judged to be right or good when they affect the majority of people positively.
One source of law is the Constitution which is the highest source of law in the United States. The constitution protects our rights as humans and American citizens to have basic rights like freedom of speech in the bill of rights. If people are not …show more content…
The law assumes anyone entering into a contract has capacity. This is important to know so that a person is aware that they are eligible to enter into a contract and that it is binding. There are only a few ways that capacity can be disrupted, which include if you are a minor at the time you enter the contract, if you are mentally impaired, or if you are under the influence of drugs or alcohol. Capacity is also important to know what you are getting into and all the terms that coincide with that. It will help you manage your affairs in an intelligent and effective