Whistle Cabs,a Taxi Service Company,has Been Ordered by the Traffic

question 13

Multiple Choice

Whistle Cabs,a taxi service company,has been ordered by the traffic department to update their taximeters to digital ones.Whistle Cabs decides to contract with Running Electricals,who provides digital taximeters.But to acquire it on such short notice,Whistle Cabs approaches Goldmint Bank.Goldmint Bank purchases the taximeters,and the taximeters are delivered to Whistle Cabs.The contract between Whistle Cabs and Goldmint Bank allows the taxi service company to use the taximeters for a period of time by providing monthly rentals till that period is completed.What is the nature of the contract made between Goldmint,Whistle Cab,and Running Electricals?

• A) counteroffer
• B) finance lease
• C) sale of goods
• D) option contract

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Definitions:

Extrinsic Motivation

A type of motivation that is driven by external rewards, such as money, fame, grades, and praise, rather than by the intrinsic pleasure or satisfaction derived from the activity itself.

Bulimia

is an eating disorder characterized by episodes of binge eating followed by purging, either through vomiting, fasting, or excessive exercise, to prevent weight gain.

Developing

The process of growth or progress, often referring to countries with less advanced economies or to the unfolding of individual potential.

Lifetime Risk

The probability that an individual, over the course of their lifetime, will develop a specific disease or condition.