A Contract Is a Legally Binding Agreement to Do or Not

question 119

True/False

A contract is a legally binding agreement to do or not to do a certain thing, and is enforceable in court.

---

Definitions:

Required Return

The minimum expected yield by investors for providing capital to a company, considering the investment’s risk level; another perspective on the return investors seek for risk-taking.

Caster

The forward or rearward tilt of the kingpin centerline to vertical when viewed from the side. Zero caster indicates that the kingpin is located at true vertical. Positive caster occurs when the kingpin tilts rearward (leans behind) and negative caster occurs when the kingpin tilts forward.

Heavy-duty Trucks

Large and robust trucks designed to haul significant weight, often used for commercial, construction, or industrial purposes.

Positive Caster

The angle created by the steering pivot points in the front wheels of a vehicle, enhancing stability and steering effort.