John Enters into a Contract to Paint Chad's House

question 14

Multiple Choice

John enters into a contract to paint Chad's house.When Chad decides on a color,John will buy the paint and paint the house for the price of $2,500.This contract is governed by:

• A) the common law of contracts governs because this is a mixed contract (one for services and goods).
• B) the common law of contracts governs because the predominant factor of the contract is for the sale of services and not goods.
• C) the Uniform Commercial Code governs because a sale of goods is involved.
• D) both the common law and the Uniform Commercial Code will govern this contract.

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Definitions:

Availability

The ease with which a particular piece of information can be recalled from memory, often influenced by recent exposure or emotional impact.

Deductive Reasoning

A logical process where conclusions are drawn from a set of premises, starting with a general statement followed by specific instances.

Probabilistic Conclusions

Conclusions or inferences that are based on probabilities rather than certainties, often used in the context of decision-making under uncertainty.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.