A Contract Is ________ If One or Both of the Parties

question 51

Multiple Choice

A contract is ________ if one or both of the parties have the ability to either withdraw from the contract or enforce it.

• A)voidable
• B)executory
• C)implied-in-law
• D)implied-in-fact
• E)void

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Definitions:

Accounts Payable

Money owed by a company to its suppliers or creditors for goods and services received but not yet paid for.

Cash Flow To Stockholders

The net amount of cash and cash-equivalents being transferred into and out of a company, specifically relating to the dividends paid to stockholders and the cash received from issuing new shares.

Dividends Per Share

The total amount of declared dividends for every share of common stock issued, divided by the number of outstanding shares.

Common Stock Offering

The process by which a corporation issues new shares of common stock to the public.