Which of the Following Is True Regarding the Civilizations of Ancient

question 41

Multiple Choice

Which of the following is true regarding the civilizations of ancient Greece and Rome?

• A) Both the civilizations were based on industrial activities.
• B) Economic activity by merchants,bankers,and manufacturers was at a maximum.
• C) Inaccurate economic doctrines were put forward to explain commercial activities.
• D) Philosophers reasoned that profit seeking was the best motive.

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Definitions:

Statute of Frauds

A legal concept requiring certain types of agreements to be executed in writing and signed by the parties involved to be enforceable.

Collateral Promises

Agreements that are secondary to a primary transaction or promise, often requiring the backup of an asset as security.

One-Year Rule

A legal provision in contract law stating that contracts which cannot be performed within one year must be in writing to be enforceable.

Oral Contract

An agreement between parties that is spoken, not written, but is still legally binding.