If a Professor Charges Extra Fees to Take a Regularly

question 48

Multiple Choice

If a professor charges extra fees to take a regularly scheduled class,it would not be taken as a consideration because:

• A)such an act is prohibited by promissory estoppels.
• B)such an act would violate the preexisting duty rule.
• C)you have already paid your tuition fee which also includes the test fee.
• D)such an act is a tort.

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Definitions:

Optimize Performance

The process of making something as effective or functional as possible, often through careful adjustments or improvements.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Product Value

The worth of a product perceived by the customer, often influenced by quality, functionality, and brand reputation.

Manufacturing Cycle

The complete process from the procurement of raw materials to the production of finished goods ready for sale.