__________ Occurs When Something Abstract Is Given a Name and Then

question 7

Multiple Choice

__________ occurs when something abstract is given a name and then treated as though it were a concrete object

• A) Semantic slanting
• B) Equivocation
• C) Reification
• D) Jargon
• E) None of the above

Identifying enforceable promises without consideration under specific statutory exceptions.

Understand the principles governing charitable subscriptions and settlement of disputed claims.

Understand the concept of consideration in contract law, including its requirements and significance.

Identify and explain the modifications to common law of contracts brought by Article 2 of the UCC, especially regarding consideration.

---

Definitions:

Average Product

The output per unit of input, calculated by dividing the total output by the number of units of the input.

Lawns Mowed

The activity of cutting the grass of a lawn to maintain its appearance and health.

Marginal Products

Marginal Product is the extra output, or product, produced by using one more unit of a production input, holding all other inputs constant.

Total Product

The total quantity of output produced by a firm over a given period.