Barrett Files a Suit Against City Moving Service for Breach

question 14

Multiple Choice

Barrett files a suit against City Moving Service for breach of contract, based on what Barrett claims was City's offer. For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are

• A) exactly precise.
• B) reasonably definite.
• C) unequivocally approximate.
• D) vague or uncertain.

---

Definitions:

Financial Crisis

A broad term for a variety of situations in which some financial assets suddenly lose a large part of their nominal value, often leading to a collapse of markets and economies.

Economic Model

A simplified representation of reality used to analyze and predict economic behaviors and outcomes.

Opportunity Costs

Refers to the benefits or gains a person or organization misses out on when choosing one alternative over another.

Consumer Goods

Products bought and used by consumers rather than by manufacturers for producing other goods.