[Refusal to Pay] Business Law Teacher Allison Needed Some Yard

question 85

Multiple Choice

[Refusal to Pay] Business law teacher Allison needed some yard work done. She told her class that she would give $50 to the first person who mowed her yard. She also entered into an agreement with Karina who agreed to trim some shrubbery for $40. Another student, Brendan, went to mow Allison's yard. Unfortunately, just as he finished mowing, a neighborhood dog bit him, and he had to go to the emergency room for a couple of stitches. Allison refused to pay Brendan because she said that he had upset the neighbors and their dog, and that he was more trouble than he was worth. Secretly, Allison was glad about the dog bite because she felt it gave her a reason not to pay. Brendan refused to pay the emergency room because he said that they did not have a binding, bilateral contract. Karina refused to trim the shrubbery because she got a better offer and claimed that she was not bound on the contract until she started the work.
-Which of the following is true regarding Brendan's statement that he did not have to pay the emergency room charges?

• A) He is correct.
• B) He is incorrect because there was a bilateral, express contract.
• C) He is incorrect because there was a unilateral, express contract.
• D) He is partially correct in that because a quasi-contract existed, he would have to pay; but he would only have to pay fair market value, not what the hospital requested.
• E) He is incorrect because there was a binding implied contract.

Understand the importance and method of calculating the mean for different types of datasets.

Recognize the implications of standard deviation values on population and sample analyses.

Apply statistical concepts to hypothetical real-world scenarios.

Gain insight into assessing data distribution through the mean, median, range, and standard deviation.

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Definitions:

Unrealized Profits

are profits that have been earned but not yet realized through a transaction, such as an increase in value of unsold stocks.

After-Tax Dollar Value

The amount of money left after federal, state, and other governmental taxes have been deducted.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Adjusted Net Income

Net income adjusted for specific expenses, revenues, gains, or losses to provide a clearer picture of operational performance.