Jim Agreed to Pay Jose $1,000 by Check, Provided He

question 17

Multiple Choice

Jim agreed to pay Jose $1,000 by check, provided he is able to sell his farm. However, he did not mention the number of days it would take for him to sell the farm nor did he provide a contingency date. Which of the following is legally permissible in this scenario?

• A)Jose can take possession of Jim's farm as repayment.
• B)Jim's promise to pay is valid as he has offered Jose the money.
• C)Jim can write and deliver a check to Jose for $1,000 but he cannot cash the check until Jim sells the farm.
• D)Jim's promise to pay is conditional and therefore Jose should obtain a negotiable instrument.

Recognize the significance of validity and reliability in assessment techniques.

Appreciate the impact of cross-cultural considerations in informal assessment procedures.

Identify the importance of interrater reliability.

Examine the practicality concerns associated with various assessment techniques.

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Definitions:

Milton Friedman

An American economist and Nobel laureate who is best known for his strong belief in free-market capitalism and the minimal role of government in the economy.

Adam Smith

A Scottish economist and philosopher, best known for his influential works on capitalism and the concept of the "invisible hand" guiding economic markets.

Archie Carroll

A scholar known for his work on corporate social responsibility (CSR), particularly for introducing the pyramid model of CSR.

Environmental Groups

Organizations focused on advocating for the protection and preservation of the environment and promoting sustainability.