What Was the Reason for the Decision in the Case

question 31

Multiple Choice

What was the reason for the decision in the case of De Lassalle v Guildford [1901] 2 KB 215?

• A) The oral statement was representational rather than promissory.
• B) The oral statement was inconsistent with the terms of the written document.
• C) The oral statement was intended to form part of the agreement between the parties.
• D) The oral statement was promissory and therefore enforceable as a collateral contract.

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Definitions:

Goal Congruence

A condition in which the goals of the organization's different members or departments align and support the overall objectives of the organization.

Perfect Competition

An ideal market scenario in which there are many buyers and sellers, homogeneous products, and no barriers to entry or exit.

Transfer Pricing Formula

A method used to determine the price at which goods and services are sold between divisions within the same company.

Variable Cost

Costs that vary in total in direct proportion to changes in the level of activity or volume of output produced.