Solve the Problem. -Marcus Earned $5600 During His Summer Vacation. He Invested Part

question 113

Multiple Choice

Solve the problem.
-Marcus earned $5600 during his summer vacation. He invested part of the money at 9% and the rest at 7%. If he received a total of $464 in interest at the end of the year, how much was invested at 9%?

• A) $800
• B) $2000
• C) $2800
• D) $3600

Explain the role of quantum meruit in contract law.

Appreciate the balance between the freedom of contract and legal constraints.

Understand the principle of promissory estoppel and its relationship with the concept of consideration in contract law.

Analyze the limitations and conditions under which promissory estoppel is available as a defence or claim in contract disputes.

---

Definitions:

Trust Level

The degree to which one party is willing to rely on the actions, decisions, and integrity of another party.

Equality Matching

A principle or strategy in social relations where participants ensure that benefits and costs are distributed equally among members.

Equality Matching

A relationship model based on balance and fairness, where contributions and benefits are expected to be equal.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.