In "The Theory of the Leisure Class," Thorsten Veblen Used

question 14

Multiple Choice

In "The Theory of the Leisure Class," Thorsten Veblen used the term "conspicuous consumption" to describe

• A) Producing more food than we need to prove our superiority to other nations
• B) Choosing to throw away food instead of feeding poor and malnourished people
• C) Buying things we don't need in order to impress others
• D) Buying things we don't want in order to keep others from having them
• E) Inefficient use of heating fuel

Differentiate between assignment and delegation of contractual rights and duties.

Recognize the conditions under which contractual obligations can be legally delegated.

Explain the effect of oral assignments and the requirements for their validity.

Understand the role and rights of a third-party beneficiary in contract law.

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