A Unilateral Contract Is Discharged by Performance When

question 47

Multiple Choice

A unilateral contract is discharged by performance when

• A) a term of the contract specifies an event which must occur before the contract will proceed and that event does not occur.
• B) an act of God occurs after the contract is entered into.
• C) both parties perform all their obligations under the contract.
• D) both parties attempt tender of performance.
• E) performance is genuinely attempted by both parties even if one party's performance is incomplete.

Grasp the concept and importance of the normal balance (debit or credit) for payroll-related accounts.

Learn how to prepare journal entries related to payroll and payroll taxes.

Recognize the impact of payroll expenses on financial statements.

Understand the different tax rates and limits applicable to payroll taxes.

---

Definitions:

Publicity

The public visibility or awareness for any product, service, or organization, often achieved through media coverage without direct payment.

Credibility

The quality of being trusted and believed in, vital for brands and individuals to influence and persuade their audience effectively.

Efficient Means

Methods or processes that achieve desired outcomes with minimal waste of resources, such as time, energy, or materials.

Publicity

The notice or attention given to someone or something by the media, often aimed at generating public interest.