Operating Assets Equals

question 66

Multiple Choice

Operating assets equals:

• A)cash,accounts receivable,and equipment.
• B)current assets plus tangible assets.
• C)total assets minus intangible assets.
• D)only long-term assets.
• E)only current assets.

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Definitions:

Duress

Duress involves compelling someone to act against their will by using threats, force, or coercion in the context of making a contract.

Mutual Mistake

A situation in legal contracts where all parties involved have misconceptions about a vital fact at the time of agreement.

Disclaimer

A statement that denies something, especially responsibility.

Negligent Misrepresentation

A false statement made carelessly that induces another party to enter into a contract, resulting in harm or loss.