A Professor Tells a Student That If She Writes a 5,000-Word

question 80

Multiple Choice

A professor tells a student that if she writes a 5,000-word paper on the evils of plagiarism by May 13, he will pay the student $750.

• A) The offer is for a unilateral contract.
• B) If the student gives the paper to the professor on May 14, the money is owed because the student came close and did get the paper done.
• C) This contract is enforceable only if it's in writing.
• D) This contract is enforceable only if the student verbally or in writing accepts the offer prior to beginning the paper.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flow given a specified rate of return, used in discounting future incomes or expenses.

Expected Stream

The anticipated sequence or flow of specific items or events, often used in the context of revenue or income over time.

Investment

Investment involves allocating resources, usually financial assets, with the expectation of generating an income or profit over time.

Interest Rate

The fee, represented as a percentage of the principal amount, levied by a lender on a borrower for the utilization of assets.