A Contract May Be Voidable Even If the Person Making

question 12

True/False

A contract may be voidable even if the person making the misrepresentation believes in good faith that what he/she says is true.

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Definitions:

Cash Flow Ratio

A metric that assesses the liquidity of a company by comparing its operating cash flow to its current liabilities.

Total Assets

The sum of all resources owned by an entity that are expected to provide future economic benefits.

Cash Paid

The total amount of money disbursed by a company in transactions, such as paying bills, salaries, or purchasing goods.