Wayne Agrees Over the Phone to Sell L

question 9

Multiple Choice

Wayne agrees over the phone to sell L.J.Cartwright 1,000 yards of 1-inch diameter rope.Wayne honestly believes that L.J.Cartwright offered to pay $1.00 per yard whereas L.J.Cartwright actually offered to pay 75 cents per yard.If the parties subsequently take their dispute to court,the fact that L.J.Cartwright admits on the stand that he offered to pay Wayne 75 cents per yard will:

• A) prevent L.J.Cartwright from using the statute of frauds to nullify the contract.
• B) create an unconscionable contract.
• C) make it possible for Wayne to enforce the contract to sell 1,000 yards of rope at a price of 75 cents per yard.
• D) Both a and c are correct.

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Definitions:

Independent Variable

The variable in an experiment that is manipulated or changed to observe its effect on the dependent variable.

Placebo Treatment Group

A group of participants in a research study who receive a sham or inert treatment, allowing researchers to measure the placebo effect.

Placebo Control Group

A group in experimental research receiving a placebo or sham intervention, used to compare against the group receiving the actual intervention to measure its effect.

Manipulation Checks

Procedures used in experimental research to verify that the manipulations of independent variables have the intended effect on participants.