17, 2020, just before Roberto’s party (it begins at 6 pm). Roberto orally promises to pay Alexis $400 on Thursday, October 15, and the balance
17, 2020, just before Roberto’s party (it begins at 6 pm). Roberto orally promises to pay Alexis $400 on Thursday, October 15, and the balance
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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True or False Alexis makes an oral promise to Roberto that she will prepare a 4-course meal for twenty people, for $800 total, and bring it over
to Roberto’s house at 5 pm Saturday October 17, 2020, just before Roberto’s party (it begins at 6 pm). Roberto orally promises to pay Alexis $400 on Thursday, October 15, and the balance of $400 one week later - on Thursday, October 22. These oral promises are binding on both sides as a contract.
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