A Party with the Power to Avoid a Contract May

question 70

True/False

A party with the power to avoid a contract may lose that power by affirming the contract.

---

Definitions:

Risk

The potential for losing something of value, or the potential for an investment's actual return to differ from its expected return.

Economic Value Added

A measure of a company's financial performance based on residual wealth, calculated by deducting a firm's cost of capital from its net operating profit.

Net Present Value

A calculation that determines the value of a series of future cash flows in today's dollars, used to assess the profitability or viability of an investment or project.