The Court in the Weichert Co

question 34

Multiple Choice

The court in the Weichert Co. Realtors v. Ryan case held that the performing party was entitled to recoup the reasonable value of the services rendered under:

• A) an express contract.
• B) quantum meruit.
• C) promissory estoppel.
• D) Article 2 of the UCC.

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Definitions:

Current Ratio

A liquidity metric that measures a company’s ability to pay short-term obligations with its current assets.

Industry Average

The average performance, metrics, or characteristics of companies within a particular sector.

Current Payables

Short-term obligations or debts a company owes to its creditors that are due within one year.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.