Floyd Offers to Sell His 1967 Ford Mustang Convertible to Tim.Before

question 15

Multiple Choice

Floyd offers to sell his 1967 Ford Mustang convertible to Tim.Before they conclude their negotiations,Floyd dies.Which of the following is true?

• A)Floyd's heirs must sell the car to Tim.
• B)Floyd's heirs must continue to negotiate the offer and sell the car,if a reasonable price can be determined.
• C)The offer terminates automatically upon Floyd's death.
• D)There is a contract if Tim accepts before learning of Floyd's death.

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Definitions:

Downward Social Comparison

A defensive tendency to compare oneself with someone whose troubles are more serious than one’s own.

Self-verification

The process through which individuals seek to confirm their self-concept by encouraging feedback that aligns with their existing beliefs and perceptions about themselves.

Biased Affective Forecasting

The tendency for people to inaccurately predict the intensity or duration of future emotional states, often underestimating the capacity to adapt to life changes.

Basking In Reflected Glory

The tendency to enhance one’s image by publicly announcing one’s association with those who are successful.