Raj may sell his car to Hazel for $1,000 on Friday if he feels like it. If he refuses to sell her the car on Friday, can she sue him for breach of contract?
A) yes, because they formed a valid, enforceable contract
B) no, because Raj made an illusory promise
C) no, because of the preexisting duty rule
D) no, because the consideration from Hazel was inadequate
B
You might also like to view...
At the end of the period, the income statement shows total bank credit card fees for the period as a reduction of sales to determine net sales
Indicate whether the statement is true or false
According to the model of buyer behavior, which of the following is one of the two primary parts of a "buyer's black box"?
A) technological stimuli B) buyer's decision process C) buyer's spending habits D) social stimuli E) promotion stimuli
Net income results in a(n)
A) increase in stockholders' equity. B) increase in revenues. C) decrease in expenses. D) increase in assets.
Ordering costs include ______.
A. warranty costs B. the cost of inspecting goods received for quality and quantity C. costs of scrap D. costs of rework