Assessment Questions Seek To

question 18

Multiple Choice

Assessment questions seek to:

• A) gain an admission.
• B) find out specific details related to the fraud.
• C) establish credibility of the respondent.
• D) obtain facts previously unknown.

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Definitions:

Valid Contract

An agreement between two or more parties that is enforceable by law.

Executory Contracts

Contracts under which both parties have unfulfilled obligations that need to be met in the future.

Bilateral Contracts

Agreements involving two parties where each commits to fulfilling an obligation to the other, such as in sales or service contracts.

Express Contracts

Contracts in which the terms are stated explicitly and can be oral or written.