Cindy Nanson Had a Contract with Bob Greenly for Bob

question 11

Multiple Choice

Cindy Nanson had a contract with Bob Greenly for Bob to repay Cindy $2000 plus interest by July 2010. It is now August 2014 and Cindy has not received any payment. Cindy wishes to file suit to collect the $2000. Bob reminds her that the statute of limitations for contract suits is four years. Cindy's contract with Bob is:

• A)unenforceable.
• B)void.
• C)voidable.
• D)All of the above

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Definitions:

Top of Mind Awareness

The first brand or product that comes to a consumer's mind when thinking about a particular industry or category.

Commoditization

The process by which goods or services become indistinguishable from competitors, leading to competition primarily on price instead of quality or features.

Recall

The ability to retrieve information or memories from one's mind. In marketing, it refers to a consumer's ability to remember a brand spontaneously.

Aided Recognition

A cognitive process in which an individual can recognize or recall information, objects, or concepts with the help of cues or prompts.