Henry Files a Suit Against Irrigation Services to Enforce an Oral

question 63

Multiple Choice

Henry files a suit against Irrigation Services to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if​

• A) ​Henry foreseeably and justifiably relied on Irrigation's promise.
• B) ​Irrigation denies the existence of a contract.
• C) ​neither party has begun to perform.
• D) ​the deal does not involve goods.

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Definitions:

Risk-free Return

The theoretical return of an investment with zero risk, typically associated with government bonds.

Standard Deviation

Standard Deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of values; in finance, it is commonly used to gauge the volatility of an investment.

Pension Funds

Investment pools that collect and manage funds contributed by employers and employees for future retirement benefits, investing in various assets for long-term growth.

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income, effectively lowering the overall tax liability.