Lucas Offered to Purchase Baker's Snowmobile If He Could Arrange

question 7

True/False

Lucas offered to purchase Baker's snowmobile if he could arrange a loan with the bank for the funds. Lucas and Baker signed a written purchase agreement which did not mention the fact that Lucas did not have the necessary funds in his possession. If the bank refused to lend Lucas the money, the contract would be enforceable against Lucas.

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Definitions:

McClelland

A theorist known for his work on human motivation and the Theory of Needs, which includes the need for achievement, power, and affiliation.

Achievement

The act of accomplishing a task or reaching a goal, often through effort, skill, or courage.

Affiliation

A connection or association with a group or organization.

Social Comparison

A psychological process where individuals evaluate their own abilities and opinions by comparing themselves to others.