Which of the Following Is True of Contracts That Limit

question 15

Multiple Choice

Which of the following is true of contracts that limit the freedom of marriage?

• A)An agreement where one party promises never to marry is held valid.
• B)An agreement not to marry during minority is valid.
• C)A marriage brokerage contract is enforceable by law.
• D)An agreement to refrain from marrying for a definite time period is invariably valid.

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Definitions:

Asset

An economic resource owned or controlled by a company that is expected to provide future benefits.

Liability Account

An accounting record that tracks obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.

Accrual Basis

A bookkeeping approach that recognizes income and expenses at the time they are accrued, rather than when the actual cash transaction occurs.

Adjustments

Modifications made to accounting entries to correct errors or allocate revenues and expenses to the appropriate accounting period.