A Large Ice Cube Containing an Iron Railroad Spike Floats

question 28

Multiple Choice

A large ice cube containing an iron railroad spike floats in a brim-full container of water. When the ice cube melts,

• A)water spills over.
• B)no change in water level occurs.
• C)water level in the container drops.

Recognize exceptions to the rule requiring consideration, including promissory estoppel and modifications under the UCC.

Distinguish between bilateral and unilateral contracts and their respective considerations.

Assess the role of adequacy of consideration in contract enforcement and exceptions related to fraud.

Explain the preexisting duty rule and its exceptions, including additional work and unforeseen circumstances.

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Definitions:

Low-context Cultures

Cultures in which communication is explicit, messages are direct, and understanding is based more on formal details than non-verbal cues.

High-context Cultures

Societies or groups where communication relies heavily on the context and non-verbal cues rather than on explicit words.

Culturally Aware

Having knowledge of and sensitivity to the variety of cultures, their values, beliefs, and practices.

Ethnocentrism

The conviction that one's own cultural or ethnic group is superior to others, frequently paired with a broad contempt for different cultures.