Many Hollywood Movie Stars Were Among the First to Buy

question 149

Multiple Choice

Many Hollywood movie stars were among the first to buy electric and hybrid vehicles. These stars often became __________, influencing other consumers' behavior.

• A) reference groups
• B) internal loci of control
• C) cultural icons
• D) cognitive parameters
• E) evoked images

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Adequacy of Consideration

Assessing whether something of legal value has been exchanged in a contract to justify the parties’ obligations.

Consideration

In contract law, it refers to something of value, such as money, services, or goods, exchanged between parties as part of an agreement.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another if the latter has reasonably relied on that promise to their detriment.