Which of the Following Requires a Written Contract to Be

question 56

Multiple Choice

Which of the following requires a written contract to be enforceable?

• A) Jonah rents a luxury yacht for a month at a cost of $10,000.
• B) Lindsay borrows $5,000 from Roberto to buy a car.
• C) Stanton's pit bull has just had a litter, and he agrees to sell you a puppy for $500 when the pups are weaned from their mother.
• D) Philmont agrees to paint your house for $500.

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Definitions:

Cash Flow

The complete spectrum of financial inflow and outflow in a business, vitally affecting its liquidity.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights like voting on corporate affairs.

Tax Rate

The chunk of financial earnings a corporation or individual pays as tax.

Depreciation Expense

Breaking down the cost of a hard asset over its life of utility.