[Book Sale] Yasmeen Offered to Sell Dylan a Used Business

question 22

Multiple Choice

[Book Sale] Yasmeen offered to sell Dylan a used business law book for $50. She told him that he could use it in his upcoming business law class the next semester. However, there was a problem with the book; it was several editions old. Dylan was not aware of that fact, and neither was Yasmeen. When Dylan took the book to class and realized the problem, he went back to Yasmeen requesting a refund. Yasmeen refused to return his money. She claimed that she did not commit fraud because subjectively she thought that the book was correct, and that a binding contract existed. The book, however, is outdated and cannot be appropriately used in the class.
-Which of the following describes Dylan's role in the transaction?

• A) He was the offeror.
• B) He was the offeree.
• C) He was the assentor.
• D) He was the assentee.
• E) He was the offeree and the assentee.

Recognize the role and impact of the Supreme Court in influencing US politics and society.

Analyze the influence of political spending and lobbying on elections and policy making.

Evaluate the significance of presidential elections and their outcomes on national and international policies.

Understand the complexities and consequences of American foreign policies in the Middle East.

---

Definitions:

Operating Leverage

The degree to which a firm or project relies on fixed costs.

Capital Intensive

Describes industries or businesses that require large amounts of money and equipment to produce goods or services.

Variable Costs

Expenses that fluctuate in direct proportion to changes in productive output or other measures of volume.

Operating Leverage

Operating leverage refers to the extent to which a company can increase its operating income by increasing revenue, highlighting the proportion of fixed costs in a company's cost structure.