Which of the Following Is Not a Type of Contract

question 41

Multiple Choice

Which of the following is not a type of contract categorised at common law as illegal and unenforceable?

• A)A contract to commit a crime or a tort
• B)A contract designed to evade the payment of tax
• C)A contract to expose corruption in public office
• D)A contract to prevent or delay the administration of justice

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Definitions:

Depreciation Tax Shield

A decrease in taxable income for businesses due to the allowance for depreciation, resulting in a lower tax liability.

Projects

Specific, planned activities with defined goals and objectives, undertaken to achieve a desired outcome.

CCA Class

Stands for Capital Cost Allowance Class, a categorization in tax systems for depreciation of assets for tax purposes.