Examlex
Which of the following items is not an example of a direct cost in the production of a refrigerator? a. Raw materials.
B) The cost of a machine used only for manufacturing this line of refrigerators.
C) Salary of factory assembly line workers.
D) Maintaining the sales office.
E) All of the above could be direct costs.
Void
A term describing a contract or legal obligation that is null, having no legal force or effect from the beginning.
Wager
An agreement where a person stakes something of value on an uncertain event with the intent of winning something of greater value.
Statute Of Frauds
A legal principle that requires certain contracts to be in writing and signed by the parties involved, in order to be legally enforceable.
Unenforceable
A term describing a contract or clause that cannot be legally upheld or compelled by a court.
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