Fact Pattern 12-B2

question 9

Multiple Choice

Fact Pattern 12-B2
Dag and Enita are in an auto accident. Dag offers B $2,000 if Enita promises not to pursue her potential legal claim against Dag. Enita agrees. Later, Enita discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a latent injury.
-Refer to Fact Pattern 12-B2. The agreement between Dag and Enita is

• A) a covenant not to sue.
• B) an accord and satisfaction.
• C) a release.
• D) promissory estoppel.

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Definitions:

Ipads

A line of tablet computers designed, developed, and marketed by Apple Inc., known for their touch screen interface and wide range of applications.

Quantity Demanded

The specific amount of a product consumers desire to buy at a particular price point, illustrating the relationship between price and demand.

Law of Supply

An economic principle stating that as the price of a good increases, suppliers will produce more of it, and as the price decreases, they will produce less.

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price over a specified period.