A Contract That Is Void Is Also Unenforceable

question 6

True/False

A contract that is void is also unenforceable.

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Definitions:

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to gain immediate cash.

Quadratic Formula

A formula used to solve for x given a quadratic equation; x = (–b ± √(b^2 – 4ac)) / 2a.

Expense Equation

The sum of the fixed and variable expenses.

Average Cost

A method to determine the cost of goods sold or inventory valuation where all costs of acquisition are averaged over the total units available for sale.