Jerry Lee Was a Professional Singer

question 77

Multiple Choice

Jerry Lee was a professional singer.He entered into a contract to sing at a concert sponsored by ABC Co.He also entered into a contract to sell his house to Mary.Before either contract could be performed,Jerry dies.Both ABC and Mary sue for breach of contract.What results?

• A) Jerry's estate wins; both contracts are unenforceable because of Jerry's death.
• B) Both ABC and Mary win; both contracts are fully enforceable.
• C) Mary wins,but ABC loses; Jerry's death has made ABC's contract,but not Mary's,impossible to perform.
• D) ABC wins,but Mary loses; Jerry's death has made Mary's contract,but not ABC's,impossible to perform.

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Definitions:

Interdependence Theory

The idea that satisfaction, investments, and perceived alternatives are critical in determining commitment to a particular relationship.

EVLN Model

A model representing the four responses employees can have to dissatisfaction at work: Exit, Voice, Loyalty, and Neglect.

Passive

Characterized by inaction or lack of active response, often involving acceptance or submission without resistance.

Destructive

Causing a significant amount of harm or damage either physically, emotionally, or materially.