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:

Merrill Lynch

Merrill Lynch, now under Bank of America, is a prominent global wealth management, capital markets, and advisory company.

Realized Capital Gains

Realized capital gains refer to the profits earned from the sale of an asset, like stocks or real estate, which exceed the purchase price, and are only "realized" upon the sale of the asset.

Wealth Effect

The change in spending that accompanies a change in perceived wealth, usually the result of changes in the value of assets like property or stocks.

Residential House

A residential house is a type of building designed and used as a dwelling place for families and individuals, providing living spaces and facilities for daily activities.