Fact Pattern 10-1 Lulene Makes the Best Lemon Meringue Pies in Mississippi. So

question 390

Multiple Choice

Fact Pattern 10-1
Lulene makes the best lemon meringue pies in Mississippi. So Ellen, who owns Ellen's Old Fashion Cafe, contracts with Lulene to buy 50 pies per week at the price of $5.00 per pie.
Although Lulene took a class in business law, she forgot to get her agreement with Ellen in writing. Lulene and Ellen agreed during a chat. Lulene said: "I will supply you with lemon meringue pies for however long you want them at $5.00 per pie." Ellen said: "That's great, I'll take them." Both women were pleased.
Soon Lulene had a problem. Between a hurricane in Florida and brush fires in California, the price of lemons increased by 200%. Now, instead of the $5.00 per pie price she intended to charge Ellen, she feels she must charge $7.00 per pie to make a little profit.
Lulene calls Ellen with the bad news and Ellen has a fit. She tells Lulene that's too bad, but the deal is off. Lulene says, "That's what you think!" and goes to see Amanda, her attorney.
-Refer to Fact Pattern 10-1. Assume that when Lulene and Ellen entered into the agreement Ellen was an enterprising 16-year-old. In this case:

• A) Ellen may not void the contract with Lulene because it was a necessity
• B) Ellen may not void the contract, but Lulene may based on minority
• C) Ellen may void the contract based on minority
• D) Lulene may void the contract based on objective insanity
• E) Lulene may void the contract based on impracticality

Grasp the theoretical perspectives on personality and psychosocial development.

Recognize Erikson's stages of psychosocial development.

Analyze the impact of psychoanalytic theories on contemporary thought and practices related to child development.

Understand the effects of price controls, including price ceilings and price floors, on market equilibrium.

---

Definitions:

Schizophrenia

A chronic and severe mental disorder affecting how a person thinks, feels, and behaves, often characterized by episodes of psychosis.

Control Delusion

A belief that one's thoughts, feelings, or actions are being controlled by external forces.

Persecution Delusion

A type of delusional belief where an individual thinks they are being plotted against, spied on, slandered, threatened, or deliberately victimized.

Guilt

A feeling of having done something wrong or failed in an obligation.