Which of the Following Sellers Is Most Able to Perfectly

question 128

Multiple Choice

Which of the following sellers is most able to perfectly price discriminate?

• A) a college or university
• B) the post office
• C) a clothing store
• D) a grocery supermarket

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Definitions:

Accord and Satisfaction

A legal agreement where a dispute is settled by the parties involved, wherein one agrees to accept less than what's owed and the other agrees to forgive the remainder.

Past Consideration

In contract law, the concept that an act or benefit provided before and independently of a promise does not constitute valid consideration for the promise.

Accord and Satisfaction

A legal contract wherein a dispute is settled by the parties involved agreeing to provide and accept something different than originally owed.

Doctrine of Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.