John: "I Will Sell You My Laptop Computer for $330

question 74

Multiple Choice

John: "I will sell you my laptop computer for $330."?Mary: "Will you include the carrying case"??John: "Sold."

• A)There is a contract for the sale of the computer with the carrying case.
• B)There is a contract for the sale of the computer but the carrying case is not included.
• C)There is no contract for the sale of the laptop computer.
• D)There is a contract but it is unenforceable because it must be in writing.
• E)none of the above

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Definitions:

Bretton Woods System

A monetary management system that established the rules for commercial and financial relations among the major industrial states after World War II.

Gold Value

Refers to the market worth of gold, which fluctuates based on economic conditions, supply, and demand.

Exchange Value

The worth of a good or service as determined by the market, or the amount of goods and services that can be exchanged for it.

Bretton Woods System

An international monetary system established in 1944 that set up fixed exchange rates anchored by the U.S. dollar, which was convertible to gold.