The Highest-Valued Alternative That Must Be Given Up to Engage

question 115

Multiple Choice

The highest-valued alternative that must be given up to engage in an activity is the definition of

• A)economic equity.
• B)marginal benefit.
• C)opportunity cost.
• D)marginal cost.

Understand the essential elements for the formation of a contract under the Sale of Goods Act.

Identify when title and risk of loss pass from the seller to the buyer in various scenarios.

Recognize the implications of specific performance as a remedy for breach of contract.

Analyze the effect of verbal agreements in contract formation and enforceability.