Examlex

Solved

If a Contract Is Made with a Person Required by Law

question 17

True/False

If a contract is made with a person required by law to hold a license,and the purpose of the license is protection of the public,the contract made by an unlicensed person will generally be unenforceable.


Definitions:

Return on Total Assets

A measure of profitability that indicates how efficiently a company is using its assets to generate earnings.

Total Assets

The sum of all current and non-current assets that a company owns, visible on the balance sheet.

Book Value Per Share

The equity available to common shareholders divided by the number of outstanding shares, indicating the value of a company's shares based on its financial statements.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operational costs, from its total revenue.

Related Questions