Which of the Following Is Not a Reason Mentioned in the Text

question 108

Multiple Choice

Which of the following is not a reason mentioned in the text for why an IC may experience of loss of freedom and flexibility in joint ventures?

• A) the IC's partners have control of the venture.
• B) the IC's partners can bring legal pressures on the IC to limit its decision making.
• C) the IC cannot buy out its partners' shares.
• D) the IC's partners can bring legal pressures on the IC.

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Definitions:

Liquidated Debt

A debt for which the exact monetary value has been determined and acknowledged by both the debtor and the creditor.

Accord and Satisfaction

A legal settlement where a disputing party agrees to accept a payment or performance that is different from what was originally owed or expected, thereby settling the claim.

Preexisting Duty

An obligation that one party already legally owes to another under a contract, which cannot serve as consideration for a new contract.

Illusory Consideration

A promise or apparent agreement that lacks the actual commitment or substance to be legally enforceable as consideration in a contract.