A Contract Of______ Is a Contract Drafted by the Dominant

question 64

Multiple Choice

A contract of______ is a contract drafted by the dominant party and then presented to the other party on a "take-it-or-leave-it" basis.

• A) undue influence
• B) adhesion
• C) fraudulent misrepresentation
• D) mutual mistake

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Definitions:

Simple Rate of Return

A method to evaluate the profitability of an investment by dividing the annual incremental net operating income by the initial investment cost.

Operating Expenses

Costs associated with a company’s operational activities, excluding direct labor and materials, that are necessary to run the business.

Sales Revenues

The total amount generated from selling goods or services before any expenses are subtracted.

Cash Operating Costs

The expenses a company incurs during its normal business operations that require cash payments, such as rent, utilities, and payroll.