Non Est Factum Is Based Not Only on the Principle

question 30

Multiple Choice

Non est factum is based not only on the principle of placing loss on the person guilty of carelessness,but also upon recognition of the need for certainty and security in commerce.For these reasons,the application of the principle

• A)must always result in the enforcement of the contract.
• B)must always result in the unenforceability of the contract.
• C)must depend on the circumstances of each case.
• D)needs to be decided by a jury.
• E)because of its equitable nature,needs to be decided by a judge alone.

Understand the implications of departmentalization on financial reporting and analysis.

Understand the basic pharmacological processes, including absorption, metabolism, distribution, and excretion of drugs.

Identify the sources of different drugs, including bacteria, fungi, minerals, animals, and plants.

Comprehend the study areas of pharmacology, such as pharmacodynamics, pharmacokinetics, pharmacotherapeutics, and toxicology.

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Definitions:

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Discount Rate

Within discounted cash flow analysis, it's the interest rate applied to derive the present value of cash flows expected in the future.

Profitability Index

A financial tool used to measure the relative profitability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Cash Inflows

Cash inflows are the money received by a business from its various activities, such as sales revenues, financing, and investments.