James Goes to a Dentist to Have a Tooth Extracted

question 14

Multiple Choice

James goes to a dentist to have a tooth extracted.James never signs a written contract for this service,and he and the dentist never made an oral agreement either.Later,the dentist bills James who refuses to pay.The dentist sues James.Which of the following is true?

• A)The dentist can recover under a theory of quasi-contract liability.
• B)The dentist cannot recover under an implied contract theory.
• C)The dentist can recover under the doctrine of promissory estoppel.
• D)The dentist cannot recover because there was no express contract.

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.

Mutually Beneficial Trades

Exchanges between parties that provide benefits or gains to all involved, enhancing their welfare or utility.

Well-Functioning Markets

Markets that efficiently allocate resources through the mechanism of supply and demand, leading to optimal outcomes for both buyers and sellers.

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.