MrGreen Enters into a Contract with Mr

question 16

Multiple Choice

Mr.Green enters into a contract with Mr.Blue who is a crab fisherman.Mr.Green and Mr.Blue know that Mr.Blue has already caught the number of crabs allowed for the season.But Mr.Green and Mr.Blue agree to a contract to exceed the quota.What is the status of the contract between Mr.Green and Mr.Blue?

• A)The contract is voidable,and is enforceable till Mr.Blue cancels it.
• B)The contract is void since it attempts to contract for services that are illegal.
• C)The contract is valid and enforceable.
• D)The contract will be valid if registered with the Secretary of State.

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Definitions:

Market Expansion

Strategies used by businesses to sell their existing products or services to new geographical areas or markets to increase their customer base.

Perceived Value

The customer's evaluation of the benefits and costs of one product when compared with others, influencing their purchasing decisions.

Perceived Benefits

The recognized and valued positive outcomes that consumers believe they will receive from a product or service.

Perceived Costs

The costs that consumers believe they incur when making a purchase, which includes monetary, time, and psychological factors.