A Person May Be Held Liable Under a Contract Even

question 38

True/False

A person may be held liable under a contract even if they did not personally want (subjectively intend)to enter into an enforceable agreement.

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Definitions:

Return on Assets Ratio

A profitability ratio that indicates how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue.

Stockholders' Equity

This term refers to the residual interest in the assets of a corporation after deducting its liabilities. It represents ownership interest held by shareholders.