Which of the Following Promises in Consideration of Marriage Would

question 12

Multiple Choice

Which of the following promises in consideration of marriage would be outside the statute of frauds?

• A) Joan promises to release a money judgment against Steven in consideration of his marrying her.
• B) In consideration of Joan's promising to marry him, Dwight promises to pay her an allowance and to give her all of his property upon his death.
• C) John and Mary mutually agree that their marriage shall not affect the existing property rights of the other.
• D) John and Joan mutually promise to marry each other in a formal ceremony on June 23.

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Definitions:

Net Sales

The total revenue from sales after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Accounts Receivable Turnover

A financial metric that measures how often a company collects its average accounts receivable within a specified period, indicating the efficiency of credit and collections.

Total Sales

The aggregate revenue a company generates from selling its goods or services within a specific period.

Direct Write-off Method

A method of accounting for bad debts where specific uncollectible accounts receivable are directly written off against income at the time they are deemed to be uncollectible.