In a signed writing, Barb offered to sell her business to Tom for $50,000. In this same writing, Barb promised not to revoke the offer for 30 days in exchange for $500 paid by Tom. Under these facts:
a. The parties have entered into a legally enforceable quasi contract.
b. The parties have entered into a legally enforceable right of first refusal.
c. The parties have entered into a legally enforceable option contract.
d. The parties have entered into a legally unenforceable future agreement.
b. The parties have entered into a legally enforceable right of first refusal.
You might also like to view...
Experiments on mail questionnaires for census of population revealed what about questionnaire form and layout?
A) Questions at the top of the page received more attention than those placed at the bottom. B) Sensitive information placed at the end of the questionnaire was answered more frequently than sensitive information placed elsewhere. C) Instructions printed in red made little difference except that they made the questionnaire appear more complicated to the respondents. D) Both A and C are correct.
Which of the following is not good advice for writing effective goodwill messages?
A) Be direct: state the main idea in the first sentence or two. B) Be enthusiastic: use strong words to demonstrate your sincerity. C) Be prompt: send a goodwill message while the reason is still fresh in the reader's mind. D) Be specific: mention a specific incident or anecdote. E) Be brief: use a short note for most circumstances.
Conflicts emerge as a natural part of work life.
Answer the following statement true (T) or false (F)
Luis has just learned that Brian, who has less experience and who does less work, receives a higher salary. Since learning this, Luis has been very unhappy and has started to look for another job. What model of job satisfaction best explains Luis's reactions?
A. equity B. met expectations C. value attainment D. dispositional components E. need fulfillment