Under What Circumstances Would a Judge Who Is Determining a Remedy

question 6

Multiple Choice

Under what circumstances would a judge who is determining a remedy to a commercial dispute consider that a contract does not exist even though all of the required elements of reaching an agreement are present?

• A) A phrase indicates the agreement is subject to formal contract.
• B) A contract lacks sufficient consideration for both parties.
• C) A contract lacks adequate consideration for both parties.
• D) A phrase indicates the agreement is subject to its exact wording.

---

Definitions:

Voting Stock

Refers to shares that give the shareholder the right to vote on company matters, such as electing the board of directors.

Consolidated Income Tax Return

A single income tax return filed by a parent company and its subsidiaries, allowing for the consolidation of taxable income and tax payments to simplify tax reporting.

Significant Influence

This refers to the power to participate in the financial and operating policy decisions of an investee but is not control or joint control over those policies.

Intra-entity Transfers

Transactions involving the transfer of goods, services, or resources within the same legal entity.