In 2014, Online Bill Payment Accounted for ________ of All

question 64

Multiple Choice

In 2014, online bill payment accounted for ________ of all bill payments, while paper checks accounted for ________.

• A)less than 10%; less than 25%
• B)about 25%; about 10%
• C)more than 50%; less than 25%
• D)100%; 0%

Understand the circumstances under which a contract might be considered void due to mistakes.

Identify the legal remedies available when a contract is entered into on the basis of misrepresentation, undue influence, or duress.

Differentiate between statutory and equitable assignments in contract law.

Comprehend the privity of contract rule and its exceptions.

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Definitions:

Corporation

A legal entity formed under state law that is separate from its owners, providing limited liability and the ability to raise capital through the issuance of shares.

Organizer

A person responsible for planning and conducting events or activities, often involving logistical coordination and management.

Incorporates

The act of forming a new corporation by filing required documents with the state, or integrating components into a whole.

Business

A business is an organization or enterprising entity engaged in commercial, industrial, or professional activities with the aim of earning profits.