Each of the following theses is independently plausible: Principle. Morality is principled: right-making factors or moral reasons entail corresponding moral principles. Conflict. Conflicts of moral obligation are possible and metaphysically unproblematic (even if they can be quite difficult--or even impossible--to resolve). Holism. Whether a given factor contributes to the rightness or wrongness of an action may depend on factors other than itself; hence, what is a right-making factor or moral reason to &phis; in one case may not be one in another, or may even be a wrong-making factor or moral reason not to & phis; given suitable circumstances. Nevertheless, neither Conflict nor Holism has fared particularly well in ethical theory, ...