A(n) _____ Is an Agreement Containing Mutual Promises

question 42

Multiple Choice

A(n) _____ is an agreement containing mutual promises.

• A) unilateral contract
• B) quasi-contract
• C) express-in-fact contract
• D) bilateral contract
• E) implied-in-fact contract

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Definitions:

Equivalent Interest Rate

A rate that converts interest rates of various compounding periods into an annual rate for comparison purposes.

Nearest 0.01%

Rounding a percentage to the closest one-hundredth of a percent.

Nearest 0.01%

Rounding a number or percentage to the closest hundredth of a percent for precision.

Emotions

Complex psychological states involving physiological arousal, feelings, cognitive processes, and behavioral reactions.