Which of the Following Is Not an Example of a Contract

question 146

Multiple Choice

Which of the following is not an example of a contract?

• A) a written promise to give your husband a ring for christmas
• B) a verbal agreement to work for someone starting next week
• C) a verbal agreement for the sale of a car where neither the money nor the car has yet changed hands
• D) an agreement not to sue someone for negligence in exchange for their promise to pay you a specified amount
• E) an implied promise to pay for a meal when you order it

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Definitions:

Rice

A staple food grain consumed widely around the world, particularly in Asia, known for its versatility and ability in sustaining large populations.

Comparative Advantage

The ability of an individual or country to produce a particular good or service at a lower opportunity cost than others.

David Ricardo

A British economist known for his theories on comparative advantage and rent, significantly influencing the field of economics.

Adam Smith

An 18th-century Scottish economist and philosopher best known for his work "The Wealth of Nations," which laid the foundation for classical economics and the concept of the invisible hand guiding free markets.