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.

Recognize the effects of minimum-wage laws on employment, especially among the least skilled and least experienced workers.

Grasp the mechanism and impact of collective bargaining on wages, employment, and the labor market.

Differentiate between unionized and non-unionized labor markets and their respective wage determinations.

Analyze the economic rationale behind, and the effects of, unions acting as cartels within the labor market.

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Definitions:

Cognitive Processes

Mental activities involved in the acquisition, processing, storage, and retrieval of information, including perception, memory, and problem-solving.

Behavioral Approaches

A theory in psychology focusing on observable behaviors and the ways in which the environment determines behavior.

Dehumanizing

The process of depriving a person or group of positive human qualities, often leading to the perception of those individuals as less than human.

Humanistic Psychologists

Psychologists who focus on individual potential and stress the importance of growth and self-actualization.