Which of the Following Refers to the Exchange of Goods

question 18

Multiple Choice

Which of the following refers to the exchange of goods or services directly for other goods or services without the use of money?

• A) offset
• B) barter
• C) counterpurchase
• D) switch trading

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Definitions:

Contract Voidable

A contract that is valid but may be declared void at the option of one of the parties to the contract.

Non Est Factum

A legal defense claiming that a signed agreement is invalid because the signer was unaware of its true nature due to a significant mistake or misrepresentation.

Extended Warranty

An additional warranty that covers the repair or replacement of items beyond the standard warranty period.

Chequing Account

A bank account from which money can be quickly withdrawn using checks, debit cards, or electronic methods.