Tate Enters into a Contract with Smith Under the Terms

question 68

Multiple Choice

Tate enters into a contract with Smith under the terms of which Smith is to pay Tate $7,000 and Tate is to build a garage,repair a boat,and build a doghouse.If the doghouse has not yet been built,which term describes the type of contract in existence?

• A) Quasi contract
• B) Executed contract
• C) Illusory contract
• D) Executory contract

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Definitions:

Cognitive Development

The process by which individuals acquire and understand knowledge through thought, experience, and the senses.

Habituation

The diminishing of a physiological or emotional response to a frequently repeated stimulus.

Dishabituation

The renewal of a response, previously habituated, following the presentation of a new stimulus.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, influencing future behavior choices.