Which of the Following Statements Is FALSE

question 83

Multiple Choice

Which of the following statements is FALSE?

• A)courts will use a dictionary if the terms in a contract are unclear
• B)deposits are not returned if a buyer wants out of a sales contract unless it is a penalty
• C)actual stated terms in a contract are called express terms
• D)there is a duty to act in good faith when carrying out a contract
• E)the doctrine of fundamental breach has been expanded by the Supreme Court of Canada

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Definitions:

Liquidity and Efficiency

Financial metrics that measure a company's ability to meet short-term obligations and effectively manage assets.

Short-term Obligations

Financial liabilities that are due for payment within a short period of time, typically less than one year.

Profitability

A measure of the efficiency and effectiveness of a company in generating profit from its operations. It indicates the company's ability to produce income relative to its revenue, assets, equity, or other financial metrics.

Financial Rewards

Monetary benefits provided to employees or individuals as compensation for their services or to incentivize performance.