Courts Will ________ Allow a Person to Escape His Contractual

question 38

Multiple Choice

Courts will ________ allow a person to escape his contractual obligations on the ground of intoxication.

• A)rarely
• B)often
• C)always
• D)never

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Definitions:

Accounts Payable

Liabilities or amounts a company owes to creditors or suppliers for goods or services that have been received but not yet paid for.

Sales Discount

A reduction from the listed or invoice price offered by a seller to a buyer, often to prompt early payment or reward bulk purchases.

Decrease Net Income

Any event or transaction that results in a reduction of the net income of a company.

Decrease In Assets

A reduction in the value or quantity of the resources owned by an entity.