If an Agreement Is One-Sided,and Only One of the Parties

question 41

True/False

If an agreement is one-sided,and only one of the parties is getting something from the deal,it is called a gratuitous promise,or a gift,and the courts will not enforce it.

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Definitions:

Federal Income Tax Ramifications

The effects or consequences that adjustments in the federal income tax laws or rates have on an individual or business's financial situation.

Capital Rationing

The process of limiting the amount of capital available for investment in order to ensure optimal returns on investment projects.

Capital Investment Analysis

The process of reviewing and evaluating potential purchases or investments in capital assets to determine their financial viability and impact on the business.

Payback Period

The duration it takes for an investment to return its initial cost, measuring the time to break even.