Ethel's Exercise World Plans to Order Three Weight Machines from Pete's

question 3

Multiple Choice

Ethel's Exercise World plans to order three weight machines from Pete's Push,Pedal,and Pull,Inc.for a total of $15,000.Pete's demands that Ethel's friend,Moneybags,a wealthy independent businesswoman (not connected with Ethel's business in any way) promise to pay Pete's for the three machines if Ethel's Exercise World does not.Which of the promises in this problem must be in writing to be enforceable?

• A)The promise made by Ethel's Exercise World to buy the weight machines.
• B)Moneybag's promise to pay if Ethel's Exercise World doesn't.
• C)Both Moneybag's promise and Ethel's Exercise World's promise.
• D)None of the promises in this problem need to be in writing.

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Definitions:

State Utility Commission

A governmental body responsible for regulating the rates and services of utilities within a specific state.

Electric Power

The rate at which electrical energy is transferred by an electric circuit, typically measured in watts.

Price Competition

The focus on setting a product price as the primary competitive strategy to attract customers in a market.

Video Game Console

A specialized electronic device designed to play video games that connect to a television or other display media.