Topographical Engineers,Inc

question 3

Multiple Choice

Topographical Engineers,Inc.,which is new to its business,offers its services at less than half their possible market price to United Road Crew Construction,Inc.,which knows the services' value.United's decision to accept the offer without commenting on the price could be justified by

• A)the concept of unconscionability.
• B)the doctrine of promissory estoppel.
• C)the principle of freedom of contract.
• D)the Statute of Frauds.

---

Definitions:

Means of Production

The resources, such as land, factories, and tools, required for the production of goods and services.

Proletariat

In Marx’s usage, is the working class. Members of the proletariat perform physical labor but do not own means of production. They are thus in a position to earn wages.

Lumpenproletariat

A term used primarily in Marxist theory to describe the lower strata of the working class, including those who are unemployed or unemployable due to the lack of necessary skills.

Capitalist Development

The evolution or advancement of an economic system in which trade, industry, and the means of production are largely privately owned and operated for profit.