A Higher Price for Bagels Would Result in A(n)

question 440

Multiple Choice

A higher price for bagels would result in a(n)

• A) increase in the demand for bagels.
• B) decrease in the demand for bagels.
• C) increase in the demand for muffins.
• D) decrease in the demand for muffins.

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Definitions:

Void

Refers to something that is legally declared to be invalid or null.

Condition Subsequent

A condition that alters the rights or duties of the parties to a contract, or that may have the effect of terminating the contract if it should occur.

Condition Precedent

A legal term for a condition or event that must occur before a contract becomes effective or before an obligation must be performed.

Power of Attorney

A formal document that gives one person (the agent) the power to represent another (the principal) in matters of law or finance.