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

question 69

Multiple Choice

A professor tells a student that if she writes a 5,000 word paper on the evils of plagiarism by May 13^th,he will pay the student $750.00.

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

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Definitions:

Discount Rate

The interest rate used to discount future cash flows to their present value, often reflecting the cost of capital or the risk of the investment.

Present Value

The present evaluation of a future cash sum or series of cash receipts, factoring in a certain rate of return for discounting.

Interest Rate

The sum a lender charges a borrower to use assets, conveyed as a percentage of the principal's amount.

Present Value

The here and now valuation of a prospective future financial amount or series of cash flows, calculated with a certain return rate.