Scenario 11-1 ​

question 5

Multiple Choice

Scenario 11-1
​
Becca is a single mother of two young children who spend their days at a daycare center while Becca goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
-Refer to Scenario 11-1. Due to traffic, Anh expects to be 40 minutes late to pick up his children. Which of the following most accurately describes the set of prices that he would be willing to pay for a variable toll road that would get him to the daycare center on time?

• A)Any price less than $30.00
• B)Any price less than $25.00
• C)Any price less than $20.00
• D)Anh would not be willing to pay out of pocket to avoid traffic.

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Definitions:

Undue Influence

An excessive or improper pressure exerted on someone, undermining their free will in making decisions.

Duress

A condition where a person performs an act as a result of violence, threat, or other pressure against them.

Voidable

A term referring to a legal agreement or transaction that may be declared invalid by one of the parties due to certain defects or irregularities.

Voidable

Voidable is a legal term describing a contract or transaction that may be valid but can be annulled by one of the parties due to certain deficiencies.