Under Which of the Following Circumstances Would a Court Be

question 67

Multiple Choice

Under which of the following circumstances would a court be unlikely to enforce the illegal contract?

• A) Where the aggrieved party was unaware of the illegality.
• B) Where a party withdraws from an illegal agreement prior to performance.
• C) Where the agreement is with an unlicensed attorney.
• D) Where one of the parties is less at fault than the other.

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Definitions:

Net Present Value (NPV)

A calculation used to assess the profitability of an investment, measuring the difference between the present value of its cash inflows and outflows.

Internal Rate of Return (IRR)

The rate of growth a project is expected to generate, calculated as the discount rate that makes the net present value (NPV) of all cash flows equal to zero.

Payback Method

An investment analysis method that calculates the time required to recoup the cost of an investment, based on the cash flow it generates.

Capital Cost Allowance (CCA)

The Canada Revenue Agency’s term for depreciation when calculating taxes.