Which of the Following Is an Example of a Unilateral

question 132

Multiple Choice

Which of the following is an example of a unilateral contract?

• A) Joe agrees to paint Sam's house for $500.
• B) Joe pays $50 for groceries at a grocery store.
• C) C returns a lost dog and claims the $50 reward.
• D) Joe promises to give Harry his old boat when he gets his new one.
• E) Sam orders a meal in a restaurant.

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Definitions:

Capital Acquisitions Ratio

A measure of a company's financial ability to sustain its investment activities.

Operating Activities

Activities that relate directly to the business’s primary operations, such as selling goods and services, as opposed to investing or financing activities.

Statement Of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its operational, investing, and financing activities.

Cash Equivalents

Assets readily convertible to a known cash amount within a short period, typically 90 days.