Carrying and Using a High-End Credit Card Like an American

question 92

Multiple Choice

Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslow hierarchy of needs?

• A) physiological
• B) safety
• C) social
• D) personal
• E) self-actualization

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Definitions:

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties involved to their pre-contractual state.

Discharged

Released or relieved from a duty, obligation, or liability, often used in legal or financial contexts.

Punitive Damages

Compensation awarded to a plaintiff beyond actual damages to punish the defendant for egregious conduct and deter future similar acts.

Substantial Performance

A principle in contract law that allows a contracting party to be considered as having fulfilled its obligations, so long as the crucial elements of the contract have been completed, even if minor details are unfinished.