The Legality Element of a Contract States That ______

question 165

Multiple Choice

The legality element of a contract states that ______.

• A) a contract must be intended to accomplish a legal purpose
• B) a contract must include a legitimate offer and a legitimate acceptance
• C) something of value must be exchanged between the two parties
• D) the parties entering into a contract must have the capacity to do so.

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Definitions:

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in relation to mutual funds or ETFs.

Year-End Assets

Year-End Assets refer to the total value of all assets that a company or individual owns at the end of a fiscal year.

Net Asset Value

The total value of all the assets held by an investment fund or company, minus any liabilities, typically expressed on a per-share basis for mutual funds and ETFs.

Dividend Income Distributions

Payments made to shareholders from a fund's income derived from dividends on stocks that it owns, typically made on a regular basis.