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.

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Definitions:

Gifts and Gratuities

Items or payments given voluntarily without payment in return, often as a gesture of goodwill or for promotional purposes.

Commercial Bribery

The unethical or illegal practice of influencing the decisions of business personnel through unauthorised gifts or payments.

Perception of Bias

The belief or view that a person or organization is biased, leading to questions about fairness or objectivity.

Reciprocity

A mutual exchange of privileges or interactions between two parties, often used in trade and negotiations.