​Ozzie Contracts for the Sale of 500 Shares of Stock

question 56

Multiple Choice

​Ozzie contracts for the sale of 500 shares of stock in Premium Quality, Inc., to Ray, with payment to go to Scholar University to pay Thalia's tuition. The contract reserves to Ozzie and Ray the right to modify its terms. Scholar's right to payment is

• A) ​not affected by the reservation.
• B) ​subject to any change that Ozzie and Ray make.
• C) ​limited only if Thalia agrees to any changes.
• D) ​terminated by the reservation.

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Definitions:

Ambiguous Shapes

Visual stimuli that can be perceived or interpreted in more than one way.

Rorschach Test

A psychological test involving inkblots to analyze a person's personality traits and emotional functioning.

Exuberant

Describes an effusive, unrestrained, or enthusiastic nature, often involving lively energy or excitement.

Personality Trait

Enduring, distinctive patterns of thinking, feeling, and behaving.