Zero,IncAgreed to Build Millie a Storage Building for $8,000

question 34

Multiple Choice

Zero,Inc.agreed to build Millie a storage building for $8,000.After beginning the project,Zero realized that it could not complete the job and make a profit.Zero demanded $9,500 to complete the building.Millie agreed to pay the $9,500.When the project was complete,Millie tendered $8,000 to Zero for the job.If Zero sues Millie for the remaining $1,500,

• A)Zero will win because there was consideration for the additional $1,500.
• B)Zero will win because Millie had a preexisting duty to pay any additional amounts.
• C)Zero will lose because there was no legal consideration to support the additional $1,500.
• D)Zero will lose because the UCC does not require consideration to modify an existing contract.

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Definitions:

Maslow's Theory

A psychological theory proposed by Abraham Maslow, which suggests that humans are motivated by a hierarchy of needs, starting from basic physical requirements to higher psychological needs, leading to self-actualization.

Achievement Needs

The drive or desire within an individual to accomplish goals and excel, often linked to motivation theory.

Reinforcement Theory

Explains human behavior in terms of repetition. Behavior that is rewarded enough times will be repeated, where behavior that repeatedly receives no reward will probably discontinue.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes.