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:

Stockholder Investments

The funds or resources contributed by shareholders to a corporation in exchange for ownership shares.

Net Income

The total profit of a company after subtracting all expenses from revenue.

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.

Liabilities

Financial obligations or debts owed by a business to external parties, which must be settled over time through the transfer of economic benefits.