In Calculus-Based Trust

question 12

Multiple Choice

In calculus-based trust

• A) the trustor calculates the value of creating and sustaining trust in the relationship relative to the costs of severing it.
• B) the relationship develops over time,largely because the parties develop a history of experience with each other which allows them to predict the other's behavior.
• C) regular communication and courtship are key processes.
• D) the parties effectively understand and appreciate the other's wants.
• E) All of the above statements are inherent in calculus-based trust.

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Definitions:

Acceptance

In contract law, refers to the expression by the offeree to agree to the terms of an offer, resulting in a binding contract.

Offer

A proposal by one party to form a contract, which becomes binding if accepted by the party to whom it's made.

Genuineness Of Assent

Knowing and voluntary assent to the terms of a contract. If a contract is formed as a result of mistake, misrepresentation, undue influence, or duress, genuineness of assent is lacking, and the contract will be voidable.

Fraudulent Misrepresentation

Any misrepresentation, either by misstatement or omission of a material fact, knowingly made with the intention of deceiving another and on which a reasonable person would and does rely to his or her detriment.