Courtney, Who Does Not Keep Up with the Price of Current

question 30

Multiple Choice

Courtney, who does not keep up with the price of current technology, agrees to buy a used computer from Jake for $2,500. Later, Brice tells Courtney that she made a really bad deal and that she could get an even better new computer for no more than $1,000. Courtney tells Jake that she is not giving him any money because he was not fair with her. Which of the following is the most likely result if Jake sues Courtney alleging breach of contract?

• A) Brice will win only if he can establish that Brice is wrong and that the deal was actually reasonable.
• B) Brice will win because the court would not weigh whether a good bargain was made.
• C) Courtney will win if she can establish that she paid at least 75% more than the computer was actually worth.
• D) Courtney will win if she can establish that she paid at least 50% more than the computer was actually worth.
• E) Courtney will win if she can establish that she made a bad deal and that truly she was not aware of current prices of computers.

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Definitions:

Defensive Pessimism

A strategy where an individual lowers their expectations to help prepare for the worst-case scenario.

Counterproductive

Activities or behaviors that hinder or go against the achievement of one's goals or objectives.

Self-efficacy

A person's confidence in their ability to perform actions required to achieve certain outcomes.

Self-regulate

The ability to manage one's own emotions, thoughts, and behaviors in different situations effectively.