Which of the Following Statements Is Correct with Respect to the Legality

question 139

Multiple Choice

Which of the following statements is correct with respect to the legality of contracts?

• A) A judge can refuse to enforce a contract that involves conduct that is not prohibited by law but which the court considers morally unacceptable.
• B) When two merchants agree not to sell a certain product below an agreed price and the product is not readily available from others sources, this is legally permissible as long as they intend their promises to be legally binding.
• C) Insurance taken out on property you don't own is valid as long as the insurance company has been informed that you have no interest in the property.
• D) An agreement that one merchant won't open up a business in competition with another is enforceable as long as there is consideration on both sides.
• E) An agreement where one party agrees to pay another to sue a third for tort is legally enforceable.

Utilize properties of perimeters to establish relationships between dimensions of geometric shapes.

Interpret and solve real-world problems involving linear equations.

Transform absolute value equations into equivalent linear equations.

Understand set notation and be able to express solution sets accurately.

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Definitions:

Internal Users

Individuals within an organization who use financial information to make decisions, including management and employees.

Company Officers

Individuals with executive roles responsible for managing the operations and affairs within a corporation, such as CEOs and CFOs.

Owner's Equity

Owner's Equity represents the residual interest in the assets of a business after deducting liabilities, essentially the owner's claim on the company's assets.

Net Income

The financial gain a company achieves once all expenses, taxes, and other costs are subtracted from the total sales.