Julie Orally Agrees to Assume Carlyle's Debt to FunGames,Inc

question 65

Multiple Choice

Julie orally agrees to assume Carlyle's debt to FunGames,Inc.Julie gets a substantial personal benefit from the agreement-Carlyle agrees to work for Julie's landscaping service for six months.Julie's oral assumption of the debt is enforceable by

• A)Julie or Carlyle only.
• B)FunGames only.
• C)any of the parties.
• D)no one.

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Definitions:

Profitability

The financial metric that measures the degree to which a company or project generates profit compared to its revenues, costs, or investments.

Market Consensus Value

The average value or price of a security as agreed upon by market participants, often considered as the most probable price in the marketplace.

Required Return

The minimum annual percentage earned by an investment that will induce individuals or companies to put money into a particular security or project.

Expected Growth Rate

The annual rate at which an investment, company revenue, or economy is expected to grow over a future period.