Elizabeth Signs a Contract to Purchase a New Car from Quickcash

question 35

Multiple Choice

Elizabeth signs a contract to purchase a new car from Quickcash Motors.She has not yet paid for the car,and Quickcash Motors has not yet delivered the car to Elizabeth.This is an example of a(n) ________ contract.

• A)unenforceable
• B)executory
• C)void
• D)executed

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Definitions:

Consumer

An individual or group that purchases goods and services for personal use, driving demand in the economy.

Third-Party Payments

Transactions in which the person making a payment is not directly receiving the good or service, often seen in healthcare and insurance.

Healthcare Prices

The cost associated with medical services and products, which can vary widely depending on a variety of factors.

Economize

The act of using resources efficiently, especially to reduce costs.