Solve the Problem. -A Professor's Checking Account Balance a Year Ago Was $1440

question 85

Multiple Choice

Solve the problem.
-A professor's checking account balance a year ago was $1440. Currently, it is $1170. Calculate the relative percentage change to the nearest percent.

• A)-23%
• B)-19%
• C)19%
• D)23%

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts, such as those involving real estate or lasting over a year, to be in writing to be enforceable.

Separately Negotiated

Terms, conditions, or agreements that have been individually discussed and agreed upon by the parties involved, rather than applied universally or as part of a standard procedure.

Pre-Printed Terms

Standardized, boilerplate language in a contract, typically not negotiated between parties and often found in form contracts.

E-Sign

The use of electronic signatures to sign documents and agreements, legally recognized as equivalent to handwritten signatures under certain jurisdictions and laws.