Which of the Following Is Not a Circumstance Likely to Make

question 3

Multiple Choice

Which of the following is not a circumstance likely to make a contract unenforceable?

• A)Lack of consent.
• B)Lack of capacity.
• C)Lack of legality.
• D)Lack of informality.

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Definitions:

Exports and Imports

Describes goods and services sold to other countries (exports) and goods and services purchased from other countries (imports).

Flexible Exchange Market

A foreign exchange system where the value of currencies are determined by market forces without direct government intervention.

Equilibrium Exchange Rate

The exchange rate at which the demand for a currency equals its supply in the foreign exchange market, resulting in a stable market price.

Euros

The official currency of the Eurozone, which is used by 19 of the 27 European Union countries, known collectively as the Euro area.