In Contracts That Are Not Between Merchants Selling Goods,a Promise

question 24

Multiple Choice

In contracts that are not between merchants selling goods,a promise to keep an offer open for a certain time period must be supported by the offeree's consideration.Such agreement to not revoke an offer is called a(n) ______.

• A) firm offer
• B) option
• C) promissory estoppel
• D) novation
• E) accord

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Definitions:

Therapist

A professional trained to treat emotional, behavioral, and mental disorders, providing support and strategies to help individuals understand and overcome their challenges.

Shaping

In psychology, shaping is a technique used in behavior modification that involves reinforcing behaviors that are progressively closer to the desired behavior.

Behavior Therapy

A type of psychotherapy that treats mental disorders by modifying observable behaviors and uses techniques based on principles of learning.

Operant Conditioning Procedures

A method of learning that uses rewards and punishments to increase or decrease the likelihood of a behavior.