The Set of Financial Activities That Support the OPERATIONS of a Business

question 81

Multiple Choice

The set of financial activities that support the OPERATIONS of a business is best described by which main area of finance?

• A)Corporate finance
• B)Investments
• C)Financial institutions and markets
• D)International finance

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Definitions:

Rescission

The legal act of voiding a contract and returning the parties involved to their original positions, as if the contract had never been executed.

Parol Evidence Rule

This legal rule restricts the use of oral (parol) statements in court when interpreting a written contract.

Written Agreement

A physically or digitally documented contract among parties that outlines the terms, conditions, and obligations of a deal or arrangement.

Subsequent Oral Agreement

An oral agreement made after a written contract, which can modify or override the original terms under certain conditions.