Written Contracts Are More Common for Transactions That Take Place

question 125

Multiple Choice

Written contracts are more common for transactions that take place over a long period of time than they are for transactions that are instantaneous because as time passes

• A)buyers and sellers tend to forget what they agreed upon.
• B)conditions may change giving one party an incentive to renege.
• C)the object to be bought or sold loses value.
• D)laws involving contract enforcement become more stringent.

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Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Psychological Symptoms

Manifestations of mental or emotional distress, which can include mood swings, anxiety, depression, or abnormal behavior.

Depression

A mental health disorder featured by persistently low mood, a sense of despair, and a lack of interest or pleasure in life, affecting daily functioning.

Stimulus Motive

An innate tendency to respond to stimuli in the environment in a certain manner, driven by needs for exploration, manipulation, and activity.