Which of the Following Would Not Generally Be Considered to Be

question 23

Multiple Choice

Which of the following would not generally be considered to be a benefit of evidencing a contract in writing and having it signed by the parties?

• A)To encourage deliberation and reflection and to emphasise that the transaction has significant legal consequences
• B)To ensure the availability of reliable evidence about the terms of and existence of the contract
• C)To encourage the use of formal legal language in order to preserve the sanctity of the law
• D)To indicate that the agreement was intended to be legally enforceable

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Definitions:

Availability Of Credit

Refers to the ease with which individuals or businesses can obtain loans or other lines of credit from financial institutions or lenders.

Total Value

The complete worth of a product, asset, or service, taking into account all components of its economic value.

Fiscal Policy

Government policies related to revenue generation (taxation) and expenditure to influence the economy.

Monetary Policy

The process by which a country's central bank controls the supply of money, often targeting inflation or interest rates to ensure economic stability.