Jason's Mother Would Like Him to Go to College, So

question 69

Multiple Choice

Jason's mother would like him to go to college, so in June he enrolls at the local university.He also quits his job and tells his mother his plans to take classes.His mother says, "I'm so happy that you are going to college that I want to pay for your books." Jason then sends her a bill for $485.Which of the following is true regarding his mother's promise?

• A)It is enforceable, because Jason returned to college.
• B)It is enforceable, because Jason is giving up the right to do something else.
• C)It is unenforceable, because it is a unilateral contract.
• D)It is unenforceable, because Jason had already enrolled in school when she made the statement that she wanted to pay for his books, and there is no consideration.

Recognize the importance of honesty and accountability in resolving problems.

Appreciate the significance of personalization and avoiding rubber stamp expressions in business messages.

Comprehend the structural emphasis of business messages.

Understand the role of conversational language in building goodwill.

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Definitions:

Bad Debts Recovered

Money that was previously written off as unrecoverable but has since been collected.

Income Statement

A financial document summarizing the revenues, costs, and expenses incurred during a specified period, typically a fiscal quarter or year.

Income Statement Approach

A method for estimating bad debts expense that focuses on income statement relationships, often involving a percentage of sales or accounts receivable.

Balance Sheet Approach

A method in accounting that focuses on valuing all assets and liabilities listed on the balance sheet at their current market values to provide a snapshot of a company's financial condition at a specific point in time.