What Was the Result in the Lucy V

question 89

Multiple Choice

What was the result in the Lucy v.Zehmer case (referenced in the textbook) involving whether allegations of joking regarding the sale of land prevented the formation of a contract?

• A)The court ruled that the contract would not be enforced because one of the parties was subjectively joking.
• B)The court ruled that the contract would not be enforced because one of the parties was joking and a reasonable person should have known that.
• C)The court ruled that the contract would not be enforced because the parties had been consuming alcohol.
• D)The court ruled that the agreement would be enforced because of the outward manifestations of agreement.
• E)The court ruled that the contract would be enforced because of what the parties said,regardless of whether an objective person would have thought joking was involved.

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Definitions:

Gini Coefficient

Measure of income distribution within a given population.

Colonialism

The practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Peripheral Countries

Nations that are less developed economically and are often exploited by more developed, core countries in the global economic system.

Modernization Theory

A view of globalization in which global development is a worldwide process affecting nearly all societies that have been touched by technological change.