Garth Owns Two All-Terrain Vehicles (ATVs),worth $1,000 and $500,respectively

question 18

Multiple Choice

Garth owns two all-terrain vehicles (ATVs) ,worth $1,000 and $500,respectively.Helen agrees to buy "Garth's ATV" for $750.Garth believes,in good faith,that he is selling the $500 ATV.Helen believes,in good faith,that she is buying the $1,000 ATV.In this situation

• A)Garth is entitled to $750 for the $500 ATV.
• B)Helen is entitled to the $1,000 ATV for $750.
• C)Helen must buy both ATVs for $1,500.
• D)there is no contract.

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Definitions:

Cultural Distance

Cultural distance is a concept that measures the difference between two cultures based on certain dimensions, influencing interactions, communications, and relationships.

Negotiations

A process where two or more parties come together to discuss and reach a mutual agreement on a matter.

Tight-loose Cultures

Refer to the degree of rigidity or flexibility in the social norms and behavioral expectations within an organization or society.

Cultural Variability

The range of differences in cultural practices, norms, and values among different societies or social groups.