Which of the Following Would Be Insufficiently Certain Representation to Form

question 5

Multiple Choice

Which of the following would be insufficiently certain representation to form the basis of an estoppel?

• A) A promise that the person may be able to have a house for life
• B) A promise that the person would have an interest in the house
• C) A promise that the person would be able to inherit the farm
• D) A promise that the person would inherit all of someone's property

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Definitions:

Acid-Test Ratio

A stringent indicator of a company's liquidity, measuring its ability to cover short-term liabilities with its most liquid assets.

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.

Accounts Receivable Turnover

A measure of how quickly a company collects cash from its customers, calculated as sales divided by the average accounts receivable.

Price-Earnings Ratio

A valuation metric comparing a company's current share price to its per-share earnings, used by investors to evaluate the relative value of a company's shares.