A Contract

question 49

Multiple Choice

A contract

• A) can never be implied from the actions of the parties.
• B) must contain consideration.
• C) cannot be terminated.
• D) must be in writing

---

Definitions:

Investing Assets

Assets acquired for the purpose of generating income through appreciation, dividends, rents, or interest earnings.

Existing Partnership

A business entity owned by two or more people that has not been dissolved or restructured, continuing its operations as initially agreed.

Capital Balances

The amounts of money or value of other assets owned by a company or individual, often reflective of equity or investment in business.

Income Ratios

Metrics used to evaluate a company's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period.