Which of the Following Contracts Needs to Be in Writing

question 52

Multiple Choice

Which of the following contracts needs to be in writing?

• A)an agreement to provide medical help to a person till the person dies
• B)an agreement to play for a football team as long as the player's health allows it
• C)an agreement to pay a person's tuition for as long as they are on the honor list
• D)an agreement to provide services to a hospital for two years

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Definitions:

Short-term Financing

Funding obtained to meet immediate to short-term (up to one year) financial obligations and operational expenditures of a business.

Cash Surpluses

Excess cash that a company generates beyond its needs, which can be used for investment, dividends, or to strengthen the balance sheet.

Marketability Risk

The risk that an asset cannot be sold quickly in the market without impacting its price significantly.

Marketable Securities Portfolio

A collection of liquid financial instruments that can be quickly converted into cash, held by an individual or entity.