Joshua Contractually Agreed to Sell a Widget to Maya for $50

question 21

Multiple Choice

Joshua contractually agreed to sell a widget to Maya for $50 000.Before the sale was completed, however, Maya announced that she no longer wanted the widget.She therefore refused to accept delivery of it or to make any payment.The widget is really worth $55 000.There are several other parties who are willing to buy it from Joshua at that price.At the time of entering into his contract with Maya, however, Joshua thought that the widget was worth $60 000.He therefore thought that he would earn a profit of $10 000 under the contract.A court is most likely to order Maya to pay Joshua

• A)$5000.
• B)$50 000.
• C)$10 000.
• D)$55 000.
• E)$1.

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Definitions:

Contingent Reward Behaviours

Actions taken by leaders to reward employees only when specific performance criteria are met.

Agentic Traits

Characteristics associated with an individual's ability to act as an agent for themselves, exerting influence and control over their environment.

Communal Traits

Characteristics associated with a tendency to be friendly, empathetic, cooperative, and nurturing.

Communal Traits

Characteristics shared by members of a community, influencing behaviors and social interactions.