Mr Buyer, the Plaintiff in the Action, Is Attempting to Enforce

question 63

Multiple Choice

Mr. Buyer, the plaintiff in the action, is attempting to enforce a contract in which the defendant, Mr. Seller agreed to sell to Buyer his property, Blackacre, for $100,000. Which of the following, by itself, would be sufficient to allow Mr. Seller to get out of the contract?

• A) The $100,000 was not enough, so was not fair.
• B) At the time of the contract, unknown to Mr. Buyer, Mr. Seller did not understand the quality and nature of this act because of mental incapacity.
• C) Although there was a letter from Mr. Seller referring to its essential terms, the contract itself was not in writing.
• D) Although both parties agreed to this, there had not actually been any money paid on the contract, not even a deposit or a down payment.
• E) The parties clearly stated that they did not want the agreement to be legally binding.

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Definitions:

Responsiveness

A measure of how quickly and effectively a person, organization, or system reacts to changes or requests.

Service Quality

The perception of the degree to which a service meets the customer's expectations and needs, often assessed through factors like reliability, responsiveness, and empathy.

Credence Properties

Attributes of a product or service that are difficult or impossible for the consumer to evaluate even after purchase and consumption.

Geek Squad

A subsidiary of Best Buy, providing various tech support services from installation to repair for consumer electronics.