A Professor Tells a Student That If She Writes a 5,000-Word

question 114

Multiple Choice

A professor tells a student that if she writes a 5,000-word paper on the evils of plagiarism by May 13^th,he will pay the student $750.00.Assuming that the student writes the paper,which of the following is the most accurate statement concerning the professor's obligation to pay the student?

• A) If the student gives the paper to the professor on May 13^th, the money is not owed unless the student can conclusively prove that the professor was serious and not joking.
• B) The offer was void because it violates the parol evidence rule.
• C) This contract is only enforceable if it is in writing.
• D) This contract is only enforceable if the student verbally or in writing accepts the offer prior to beginning the paper.
• E) The student can successfully enforce the contract under the theory of promissory estoppel.

---

Definitions:

Cross-Price Elasticity

A measure used in economics to show how the quantity demanded of one good changes in response to a change in the price of another good.

Inferior Goods

Goods for which demand decreases as the income of the consumer increases, opposite to normal goods.

Normal Goods

Goods for which demand increases as consumers' income increases, holding all other factors constant.

Cross-Price Elasticity

A measure of how the quantity demanded of one good changes in response to a price change of another good.