A Quasi-Contract May Be Imposed by the Court Where

question 5

Multiple Choice

A quasi-contract may be imposed by the court where

• A) a unilateral contract has not been performed.
• B) silence constitutes acceptance.
• C) moral obligation overcomes lack of consideration.
• D) performance is impossible.

Differentiate between items that would and would not require an adjusting entry on the depositor's books.

Understand what constitutes cash and the classification of various cash items.

Grasp the basic principles of cash management, including managing receivables, payables, and cash flows.

Understand how to accurately record and report bank overdrafts in financial statements.

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