Sigmund Enters into a Contract with Carl

question 23

Multiple Choice

Sigmund enters into a contract with Carl. The terms are that Sigmund will purchase all the gasoline that he wants to purchase in 2011, at a price of $2.50 per gallon, and Carl agrees to sell on those terms. This is an example of a(n) :

• A) valid promise.
• B) illusory promise.
• C) voidable promise.
• D) implied promise.

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Definitions:

Manly Honor

Refers to the societal and cultural expectations of how men should behave to display their masculinity and reputation.

Economic Gulf

Describes a significant disparity or gap in economic status and wealth between different groups or regions.

High Crime Rates

The term refers to a higher than average incidence of criminal activities within a specific area or population over a certain period of time.

Social Influence

The effect of other people on an individual's thoughts, feelings, attitudes, or behaviors.