Which of the Following Is an Example of a Quasi-Contract

question 11

Multiple Choice

Which of the following is an example of a quasi-contract?

• A) Ann agreed to buy her colleague's house for $420,000 and to take title on the subsequent Sunday.
• B) A pizza delivery boy mistakenly leaves the neighbor's pizza on Ruby's fence and her son eats the pizza. The pizza boy asks Ruby to pay the bill.
• C) A regular customer asks for a hamburger and is asked to pay $30 for it; it is not listed on the menu.
• D) Tom buys a cycle from his friend for $50 which Tom's father pays for.
• E) Cindy offers to buy Nile's bat for $10 and he agrees to it in writing with both their signatures on paper.

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Definitions:

Output

The cumulative quantity of products or services generated by a business, sector, or economic system over a given timeframe.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Demand Schedule

A table or graph showing the quantity of a product that consumers are willing and able to purchase at various prices during a specified period.

Marginal Cost

The supplementary cost resulting from manufacturing an extra unit of a good or service.