What Is the Effect of Hye Agreeing to Give Sam

question 63

Multiple Choice

What is the effect of Hye agreeing to give Sam a DVD in return for the book?

• A) Hye and Sam have an enforceable contract, and Hye has also satisfied the negotiability condition regarding the form of payment.
• B) Hye and Sam have an enforceable contract, but the agreement fails to satisfy the negotiability requirement that payment be in a sum certain in money.
• C) Because payment is not in a sum certain for money, Hye and Sam do not have an enforceable contract nor does the agreement satisfy the negotiability requirement that payment be in a sum certain in money.
• D) Because payment is not in a sum certain for money, Hye and Sam do not have an enforceable contract, but the requirement of negotiability regarding the form of payment has been satisfied.
• E) Unless Sam acknowledges in writing that the fair market value of the DVD is equivalent to the value of the book he provided to Hye, there is no enforceable contract nor is the agreement negotiable.

Develop an understanding of personal strategies for managing health care costs, the importance of health insurance in financial planning, government and private sources of health and disability insurance, and the basic types of health insurance.

Understand the various types of insurance coverage and their purposes.

Recognize the factors affecting insurance rates and coverage levels.

Identify risk management strategies and their applications.

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Definitions:

Defense Mechanism

A defense mechanism is a psychological strategy unconsciously used to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Anxiety-Arousing Thoughts

Internal cognitions or thoughts that trigger or increase feelings of anxiety, fear, or unease.

Reaction Formation

A defense mechanism where an individual behaves in a way that is opposite to their true feelings or desires.

Defense Mechanism

Psychological strategies deployed by individuals unconsciously to protect themselves from anxiety arising from unacceptable thoughts or feelings.