Megan and John Have Been Married for 10 Years

question 11

Multiple Choice

Megan and John have been married for 10 years.Megan is the vice-president of a bank, and John is an investment banker.They enjoy a combined income of more than $100,000.Megan loves art.She buys paintings of renowned painters in auctions all over the world.Which of the following categories do they belong to?

• A)Underclass consumers
• B)Upper-class consumers
• C)Working-class consumers
• D)Middle-class consumers
• E)Lower-class consumers

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Definitions:

Defame

To damage someone's reputation through false or unjustified statements.

Preexisting Obligation

An obligation that already exists before a certain action is taken or an agreement is made, often relevant in contract law.

Under Seal

denotes a formal legal process or document that has been officially sealed, indicating confidentiality or authenticity.

Substituting a New Contract

Replacing an existing contract with a new one, which extinguishes the obligations under the original contract.