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Scenario C

question 48

Multiple Choice

Scenario C. Use the information given below to answer the questions that follow.
You have been assigned a team project. You are concerned about this project because your grades depend upon the performance of the team. The students in your team are hard-working and committed. However, you have one team member, Mike, who feels that the course is not important, and that he has better things to do. Mike has decided to let the others do the work. Also, there are some team members who work hard as long as everyone is together, but do not work well on their own.
-In this situation, which of the following is Mike displaying?

Definitions:

Unilateral Contract

A contract in which only one party makes an enforceable promise to perform an action, often in response to an act by the other party.

Offeree

The party to whom an offer is made in a contract negotiation, who has the power to accept or reject that offer.

Offeror

A person or entity who proposes a deal or contract to someone else, indicating their intention to enter into an agreement upon acceptance.

Consideration

Something of value that is exchanged between parties within a contract, which can be in the form of money, services, or promises, and is essential for the contract to be legally binding.