Give two examples of product bundle pricing
What will be an ideal response?
Student answers will vary. Examples include vacation packages that include airfare, hotel charges, and tourist charges, or value meals in the fast-food industry.
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A minor signed a written sales contract to purchase a parcel of property from an adult seller. After the contract was signed, the seller learned the buyer was a minor and declared the contract void. Is the seller's action permissible?
A. Yes; the buyer is not competent and the seller can declare the contract void. B. Yes; the buyer violated the Statute of Frauds by not disclosing his age. C. No; in this situation only the buyer could void the contract. D. No; both buyer and seller would have to agree to void the contract.
Historically, young workers have been more concerned with job security than older workers
Indicate whether this statement is true or false.