Assuming That All Other Elements of a Contract Are Present

question 117

Multiple Choice

Assuming that all other elements of a contract are present, which of the following would most likely be held to be a binding contract, considering only the requirement that the object of a contract must be legal and not contrary to the public interest?

• A) An insurance policy paid by a shareholder to insure the business premises of a company he holds shares in
• B) A life insurance policy bought by Harvey insuring the life of his neighbour Kneival without Kneival's consent
• C) An agreement to pay $500 to Mildred if Mildred spreads the False rumour that Helen, a nurse, has AIDS
• D) A provision in a contract of employment where the employee agrees that, upon leaving, he will not work in a similar business anywhere for 5 years
• E) An agreement in which Fred agrees not to bother his father anymore

Explain the concept of homeostasis in body weight regulation, including the set point theory and the role of leptin.

Understand the factors influencing hunger and satiety including hormones and blood glucose levels.

Understand the perspectives that researchers adopt in studying social settings and their implications.

Recognize and apply the principles of research ethics.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, subtracted from its original cost on the balance sheet.

Delivery Truck

A vehicle used by businesses primarily for transporting goods to customers or between locations.

Gain or Loss

The financial result calculated as the difference between sale proceeds and the original cost of an asset.

Fully Depreciated

An asset's book value is reduced to zero, through depreciation, over its useful life, reflecting that it has no remaining unallocated cost.