Which of the Following Was the Result in Mast Long

question 67

Multiple Choice

Which of the following was the result in Mast Long Term Care v. Forest Hills Rest Home, the case in the text in which the plaintiff claimed that the defending rest home breached its agreement to buy from the plaintiff all the drugs needed for its patients that were not commonly stocked at the rest home?

• A) That the agreement was not a valid contract because it contained vague purchasing terms.
• B) That the agreement was not valid because it was an illusory promise.
• C) That the agreement was not valid because it was unliquidated.
• D) That the agreement was valid based on promissory estoppels.
• E) That the agreement was valid as a requirement contract.

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Definitions:

Full-employment GDP

Full-employment GDP is the maximum potential output an economy can produce when all resources, including labor, are fully utilized without causing inflation.

Capitalist Economy

A financial system where capital goods are owned by individuals or corporations, with investment choices, prices, production, and goods distribution primarily influenced by competition within a free market.

Automatic Stabilizer

Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.

Unemployment Compensation

Government-provided financial assistance to individuals who are unemployed and meet certain eligibility requirements.