Marshall Promises to Smuggle Illegal Drugs for Thor Across the Border

question 39

Multiple Choice

Marshall promises to smuggle illegal drugs for Thor across the border. What is the effect of this contract?

• A) A void contract
• B) An executory contract
• C) An implied contract
• D) An executed contract
• E) A voidable contract

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Definitions:

Savings Plan

A strategy designed to help individuals allocate a portion of their income for future use, typically involving deposit accounts or investments.

Semi-Annual Deposits

Deposits made twice a year into a financial account or investment vehicle.

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Compounded Semi-Annually

Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.