You Open a New Bank Account by Depositing $205

question 52

Multiple Choice

You open a new bank account by depositing $205. You then write checks for $37, $42, and $61, followed by a deposit of $58. What is your new balance?

• A)$329
• B)$133
• C)$123
• D)$143

Discriminate between enforceable promises and non-binding promises such as illusory promises and past consideration.

Understand the legal concepts related to substituted contracts and their effects on original agreements.

Understand the enforceability of agreements within the American legal system.

Recognize the distinction between illegal, unenforceable, and legally viable agreements.

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Definitions:

Electric Wire

Conductors made of metal used to carry electricity from one place to another.

Miles Per Gallon (Mpg)

A measure of how far a vehicle can travel on a gallon of fuel, used as a standard to assess fuel efficiency.

Kilometers (Km)

A unit of length in the metric system equal to one thousand meters or approximately 0.62 miles.

Gallons

A unit of volume primarily used in the United States for measuring liquids and gases.