Which of the Following Best Defines the Tort of Interference

question 8

Multiple Choice

Which of the following best defines the tort of interference of contract?

• A) It occurs when the documents submitted by a party for entering into a contract are found to contain falsified information.
• B) It occurs when one of the parties involved in a business relationship withdraws from the contract before the end of the contract period.
• C) It refers to two parties involved in a business relationship who bring in another party to become a part of the existing business.
• D) It occurs when a government agency helps establish the contractual terms of an agreement between two or more private vendors.

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Definitions:

Transaction Costs

Incremental direct costs that are directly attributable to the acquisition, issue, or disposal of a financial asset or financial liability.

Revenue Recognition

An accounting principle that outlines the specific conditions under which revenue is recognized within the financial statements.

Consignment

An arrangement where goods are left in the possession of another party to sell, but the ownership remains with the supplier until sold.

Initial Deposit

The first amount of money placed into an account or investment.