Gary Owns Two All-Terrain Vehicles (ATVs), Worth $1,000 and $500

question 47

Multiple Choice

Gary owns two all-terrain vehicles (ATVs) , worth $1,000 and $500, respectively. Helen enters into a contract to buy "Gary's ATV" for $750. Gary believes, in good faith, that he is selling the $500 ATV. Helen believes, in good faith, that she is buying the $1,000 ATV. In this situation

• A) Gary is entitled to $750 for the $500 ATV.
• B) Helen is entitled to the $1,000 ATV for $750.
• C) Helen must buy both ATVs for $1,500.
• D) the contract is not enforceable.

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Definitions:

Maslow's Needs

A hierarchy of human needs proposed by Abraham Maslow, ranging from basic physiological needs to safety, love/belonging, esteem, and self-actualization at the highest level.

Sullivan's Concepts

Refers to Harry Stack Sullivan's interpersonal theory which emphasizes the role of interpersonal relationships and social experiences in shaping personality.

Maslow's Needs

Refers to Abraham Maslow's hierarchy of needs, a motivational theory in psychology comprising a five-tier model of human needs, from physiological needs to self-actualization.

Holistic-Dynamic Theory

A psychological perspective that considers an individual as a whole, integrating motivational, emotional, and cognitive components.