A 'Collateral Contract' Is

question 12

Multiple Choice

A 'collateral contract' is:

• A)A secondary contract, the consideration for which is the entry into the main contract.
• B)One of a number of contracts entered into by the same parties at the same time.
• C)A contract entered into by immediate family members.
• D)A contract where the payment for the goods is to be made by way of instalments.

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Definitions:

Problems

Situations, questions, or conditions that require solutions or answers.

Macroeconomist

An economist who specializes in macroeconomics, the branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

Microeconomist

An economist focused on the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.

Microeconomist

A specialist in microeconomics, which deals with the economic behavior of individuals, households, and firms, and how decisions are made on the allocation of resources.