Although Best Used as a Last Resort, Many Small Businesses

question 84

Multiple Choice

Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financing. Although this form short-term debt comes with high interest rates, it provides a quick line of credit for many firms, including start-up companies who may not be able to secure bank loans

• A) factoring
• B) credit cards
• C) commercial paper
• D) promissory notes

Grasp the theory and application of projective tests, including their purposes and validity issues.

Understand the legal concept of undue influence and its implications on contract validity.

Identify the elements and consequences of duress in contract law.

Describe the principle of non est factum and its applicability in voiding contracts.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Elizabeth I

Queen of England and Ireland from 1558 until her death in 1603, known for her strong and pragmatic leadership during a time of religious and political turmoil.

Church of England

The primary state church in England, also known as the Anglican Church, with the monarch serving as its supreme governor.

Religious Divisions

Deep-seated discord or conflict arising from differences in religious beliefs, practices, or identities, often resulting in social or political separation.