Ethel's Exercise World Plans to Order Three Weight Machines from Pete's

question 3

Multiple Choice

Ethel's Exercise World plans to order three weight machines from Pete's Push,Pedal,and Pull,Inc.for a total of $15,000.Pete's demands that Ethel's friend,Moneybags,a wealthy independent businesswoman (not connected with Ethel's business in any way) promise to pay Pete's for the three machines if Ethel's Exercise World does not.Which of the promises in this problem must be in writing to be enforceable?

• A)The promise made by Ethel's Exercise World to buy the weight machines.
• B)Moneybag's promise to pay if Ethel's Exercise World doesn't.
• C)Both Moneybag's promise and Ethel's Exercise World's promise.
• D)None of the promises in this problem need to be in writing.

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Definitions:

Hierarchical Network Theory

A model in cognitive psychology that suggests concepts are organized in our minds in a hierarchical fashion, with more specific concepts nested under broader categories.

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Spreading Activation

A theory in cognitive science proposing that thoughts or ideas in a network of neurons can trigger related thoughts or memories.

Cognitive Economy

A principle in cognitive psychology that suggests humans strive to simplify cognitive processes and structures to minimize effort.