Each Customer Entering a Department Store Will Either Buy or Not

question 96

Multiple Choice

Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following 3 customers and determining whether or not they purchase any merchandise. The number of sample points in this experiment is

• A)2
• B)4
• C)6
• D)8

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Definitions:

Gratuitous Promise

A one-sided agreement that the courts will not enforce.

Unilateral Contract

A contract in which one party makes a promise in exchange for the other party's performance, rather than a promise in return.

Counter-Offer

A proposal made as a response to an offer, which negates the original offer and suggests new terms for an agreement.

Revocation

The official cancellation or withdrawal of an offer, license, or agreement.