_______________ Is One of the Essential Elements of a Valid

question 35

Multiple Choice

_______________ is one of the essential elements of a valid contract.

• A) Legality of purpose
• B) Parol evidence
• C) Reasonable claim
• D) Memorandum of belief

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Definitions:

Segment Performance

An evaluation of the results of a particular business segment's operations, often used to assess its profitability and efficiency.

Margin

A financial metric indicating the percentage of revenue that remains after subtracting the cost of goods sold; a measure of profitability.

Investment Opportunity

A financial asset or an avenue to invest money with a potential financial return.

Turnover

The rate at which an employer gains and loses employees, or the total sales divided by the average inventory in a given period.