Clay Buys an MP3 Player for $200 and a Pair

question 22

Multiple Choice

Clay buys an MP3 player for $200 and a pair of stereo speakers for $600 from a Discount City store,and downloads $300 worth of digital music from E-Music.com.To be enforceable,the contract that must be in writing is the purchase of

• A)the digital music,the MP3 player,and the speakers.
• B)the MP3 player and the speakers only.
• C)the MP3 player only.
• D)the speakers only.

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Definitions:

Hindsight Bias

The inclination to see events as having been predictable after they have already occurred, often referred to as the "I-knew-it-all-along" phenomenon.

Inevitable

Something that is certain to happen and cannot be prevented or avoided.

Illusory Correlations

The perception of a relationship between two variables when none actually exists.

Memory Biases

The tendency for memory to be distorted by previous experiences, desires, or the current emotional state.