Consideration Is an Essential Element in the Formation of Contract

question 24

Multiple Choice

Consideration is an essential element in the formation of contract

• A) because the law of contracts is based on the concept of bargain.
• B) because parties must give careful consideration to the contract they are entering into.
• C) because the courts will not make a contract for the parties.
• D) because it is concerned with various considerations that go into the formation of contracts.
• E) because the person who make the promise, needs to be sure he or she wants to make a contract before the offer is made.

Comprehend the use and impact of access modifiers (public, private) on class members.

Grasp the concept and legal use of method overriding, especially toString method.

Understand object instantiation including constructor types and execution.

Recognize the principles of object-oriented design depicted through UML notation.

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Definitions:

Inferior Good

A good, such as used clothes, for which demand decreases, or shifts leftward, as consumer income rises.

Potatoes

A starchy tuber vegetable grown and consumed worldwide, serving as a staple food in many cultures.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Personal Computers

Computing devices designed for individual use, as opposed to computers intended for shared or organizational usage.