Mark and Cynthia Are Writing Out Checks to Donate to Their

question 62

Multiple Choice

Mark and Cynthia are writing out checks to donate to their alma mater.First,Mark says he's going to donate $5,000,and then Cynthia indicates she might be able to donate more than that.Mark then decides he too could contribute more than $5,000.What is this called?

• A)Competitive altruism
• B)Empathy-altruism
• C)Altruism
• D)Negative-state relief
• E)Empathic joy

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Definitions:

Requirement Contract

A requirement contract is a legal agreement in which one party agrees to purchase all its needs for a specific good or service from the other party.

Output Contract

An agreement in which a seller agrees to sell all of the production to a particular buyer, who agrees to buy it.

Common Law Of Contracts

A legal framework derived from court judgments and customs, governing the creation and enforcement of contracts.

Mirror Image Rule

A legal doctrine stating that an offer must be accepted exactly without modifications for a contract to be valid.