Where a Court Recognizes an Agreement to Be Illegal, a Lawsuit

question 24

True/False

Where a court recognizes an agreement to be illegal, a lawsuit based on that agreement may be dismissed by the court even if neither plaintiff nor defendant raised the issue of illegality.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.

Net Sales

The total revenue from sales transactions after deducting returns, allowances, and discounts.

Average Accounts Receivables

The average amount of money owed to a company by its customers for goods or services provided on credit over a specific period.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue owed by its customers over a period.