The Courts Will Find an Implied Contract When

question 45

Multiple Choice

The courts will find an implied contract when

• A)justice demands it.
• B)conduct of the parties indicates they intended an agreement.
• C)there is promissory estoppel.
• D)there is undue influence.

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Definitions:

Use of Cash

Refers to the ways in which a company or individual utilizes available cash resources.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.

Accounts Payable

Liabilities of a business that represent its obligations to pay off short-term debts to its creditors or suppliers.