Which of the Following Promises Does Not Have to Be

question 78

Multiple Choice

Which of the following promises does not have to be evidenced by a writing or electronic record in order to be enforceable?

• A) Jones's agreement with Smith to sell his condominium for $100,000.
• B) Stewart's promise to work for Austin for a two-year period.
• C) Dad's promise to the credit union that he will make payments on his son's truck.
• D) Mindy's agreement with Susan to buy her bike for $400.

---

Definitions:

Club Good

A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not diminish availability for others.

Cost-Benefit Analysts

Professionals who assess the economic pros and cons of different projects or decisions to determine their financial viability.

Public Projects

Initiatives funded and executed by the government aimed at benefiting the general public, such as infrastructure development and educational programs.

Basic Research

Fundamental scientific research aimed at increasing the understanding of fundamental principles, without immediate commercial objectives.