Which of the Following Is a Rebuttable Presumption That Is

question 66

Multiple Choice

Which of the following is a rebuttable presumption that is applied in contract law situations?

• A) In the marketplace,the parties intend to contract.
• B) All promises are legally binding.
• C) It is presumed that the parties to a contract have agreed on all essential terms.
• D) Consideration between the parties is sufficient.

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Definitions:

Liberals

Individuals or groups who advocate for freedom in economic policies, personal choices, and a minimal role for government in personal affairs.

Unemployment Rate

The ratio of the labor force that finds itself without employment but are in the hunt for work.

Recession

A period of significant decline in economic activity across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.

Business Cycle

The natural rise and fall of economic activity over time, characterized by periods of expansion, peak, contraction, and trough.