Topographical Engineers, Inc., which is new to its business, offers its services at less than half their possible market price to United Road Crew Construction, Inc., which knows the services' value. United's decision to accept the offer without commenting on the price could be justified by

A. the concept of unconscionability.
B. the doctrine of promissory estoppel.
C. the principle of freedom of contract.
D. the Statute of Frauds.


Answer: C

Business

You might also like to view...

Traditional focus groups are much less expensive to conduct than online focus groups

Indicate whether the statement is true or false

Business

______ are alternative plans to be implemented if uncontrollable events occur.

a. Secondary plans b. Standing plans c. Single-use plans d. Contingency plans

Business

Revealing marital status on a résumé is generally more advisable for a woman than for a man

Indicate whether the statement is true or false

Business

Which statement represents the best advice on the use of references?

A) Include a list of references directly on the résumé. B) Do not include personal or character references. C) Remember that companies generally check references before a job interview to learn about a candidate in advance. D) Be sure to add the statement References furnished upon request at the bottom of your résumé.

Business