Which of the Following Is True Regarding Jackson's Assertion That

question 60

Multiple Choice

Which of the following is true regarding Jackson's assertion that Penny must pay him at this point if the neighbor fails to do so?

• A) He is correct because an express contract existed, and he made an honest mistake for which Penny must accept the risk.
• B) He is correct because an implied contract existed, and he made an honest mistake for which Penny must accept the risk.
• C) He is correct because an implied-in-law contract existed.
• D) He is correct because a valid contract existed; and, after his performance, it is considered executed.
• E) He is incorrect unless he can somehow establish that Penny gave him poor directions or was otherwise at fault in informing him which deck to paint, and the contract remains executory.

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Definitions:

Business Idea

A concept that can be used for commercial purposes, typically identifying a product, service, or opportunity that can generate profit.

Full Funding

Ensuring that all necessary or projected funds are available for a program or project.

Leverage

The use of borrowed capital or debt to increase the potential return of an investment.

Potential Returns

The expected financial gains or profits that may be realized from an investment or business venture.