Wealth
If the chance of success and money is opportune to a wealthy person, their capacity and willingness can give rise to alleging various legal justifications for breach. A few years of legal expenses may only be a small proportion of their empire, and the resulting attrition and disparate investment in the conflict may eventually encourage other parties to renegotiate the disputed clauses (Honeyman and Wade 2005, 15).
In terms of moral relativism, most people would agree that it is ethically wrong to use wealth to control a situation and to ‘force’ people into renegotiating clauses in contracts if they are unable to afford the legal bill accompanying a dispute. However, as moral relativism is subject to a one’s own beliefs on what is right and wrong, some may not view using wealth as a means to control as being the wrong thing to do. In situations such as these, the ‘little man’ usually loses out and will ultimately succumb to the power of the other party or parties.
Read more about this topic: Ethical Implications In Contracts
Famous quotes containing the word wealth:
“Excellence encourages one about life generally; it shows the spiritual wealth of the world.”
—George Eliot [Mary Ann (or Marian)
“The nature of women’s oppression is unique: women are oppressed as women, regardless of class or race; some women have access to significant wealth, but that wealth does not signify power; women are to be found everywhere, but own or control no appreciable territory; women live with those who oppress them, sleep with them, have their children—we are tangled, hopelessly it seems, in the gut of the machinery and way of life which is ruinous to us.”
—Andrea Dworkin (b. 1946)
“He that fails in his endeavours after wealth or power will not long retain either honesty or courage.”
—Samuel Johnson (1709–1784)