<span>They should play an impartial and unbiased role. It should be a fair-play</span>
Once all the terms of the contract have been fully performed, the contract has been executed. As long as some of the terms have not yet been performed, the contract is executory.
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Explanation:</u></h3>
A contract is a legitimately enforceable bond among two or more individuals. It may be pronounced or recorded. A contract is a set of agreements. An executed contract is a lawful document that has been acknowledged off by the personalities required for it to enhance effectiveness.
While any kind of contract must be “executed” by the individuals by affixing their signs to it. An executory contract is a covenant delivered by two individuals in which the terms are estimated to be accomplished at a later date.
During the concrete operations stage of Piaget's theory, children become capable of using mental operations, which allow them to organize and manipulate information mentally instead of relying on physical and sensory associations.
<h3>What is Piaget's Theory?</h3>
The stages of a child's cognitive development are described by Piaget. Changes to the cognitive process and abilities occur during cognitive growth. According to Piaget, early cognitive development entails action-based processes that subsequently lead to modifications in mental processes.
Four stages of development are suggested by Piaget's theory of cognitive development:
- Sensorimotor stage: birth to 2 years
- Preoperational stage: 2 to 7 years
- Concrete operational stage: 7 to 11 years
- Formal operational stage: ages 12 and up
The theory aims to describe the methods and procedures by which the infant, then the kid, matures into a person who is capable of employing hypotheses to reason and think.
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A chief receives yams from members of the chiefdom and then gives those yams back to other people within the chiefdom. This form of exchange is known as redistribution.
- Redistribution is a term used in cultural anthropology and sociology to describe a system of economic trade that entails the central collecting of products from group members and then their redistribution among those members. It represents reciprocity.
- According to Dalton's concept of transfer for income redistribution, society will benefit from a transfer of a unit of money from a richer to a poorer person.
- Reciprocity is the exchange of similar-value products.
<h3>What is the difference between reciprocity and redistribution?</h3>
- Redistribution is the process of distributing a mass of goods toward a population through a centralized organization.
- Market Exchange: Business conducted by setting a price for commodities in a market.
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