An Otherwise Valid Contract Is Enforceable Even If the Parties

question 11

True/False

An otherwise valid contract is enforceable even if the parties have not genuinely agreed to its terms.

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Definitions:

Voluntary Deductions

Employee-elected deductions from their payroll for benefits, contributions, or savings plans.

Salaries And Wages Payable

A liability account that records the amounts owed to employees for work performed that has not yet been paid.

Taxes Payable

Current liabilities representing the amount of taxes owed to governmental authorities that have not yet been paid.

Federal Unemployment Taxes

Taxes imposed on the employer by the federal government that provide benefits for a limited time period to employees who lose their jobs through no fault of their own.