A Court-Ordered Implied Agreement to Prevent One Party in an Action

question 204

Multiple Choice

A court-ordered implied agreement to prevent one party in an action from benefiting at an expense of another party is a(n) :

• A)Express contract
• B)Implied contract
• C)Determined contract
• D)Reversible contract
• E)Quasi contract

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Definitions:

Volume Of Sales

The total number of goods or services sold within a specific time frame, measuring the output of a business' activities.

Break-even Point

The break-even point is the level of production or sales at which a business's total revenues equal its total expenses, resulting in no net profit or loss.

Break-even Point

The point at which total revenues equal total costs, and the business makes neither a profit nor a loss.

Margin Of Safety

The difference between actual or expected sales and the break-even point, indicating the amount by which sales can drop before losses begin.