Question

In the business world, the goal of preventive law is to increase profits by: Select one: a. imposing higher inheritance and income taxes on wealthy people. b. avoiding losses through fines and damage judgments. c. involving the client in the business-planning process. d. creating unenforceable contracts.

Answer 1

Answer:

The correct answer is option (b) avoiding losses through fines and damage judgments.

Explanation:

Solution

The aim of preventive law in business is to increase profit by avoiding loss. This is done because of fines and damage by some decisions, makes losses in business plans and preventive law is a legal principle which does not let legal matters involve in business goal.

The others are not the correct options because there is no such concern of imposing more income tax on rich people, even preventive law feature does not add of involving clients in business planning.

The last option is also not correct as preventive law is basically to prevent or avoid rather any creating any enforceable contracts.