The Event That Was Not a Contributory Factor Towards the Evolution

question 14

Multiple Choice

The event that was not a contributory factor towards the evolution of capital valuation is:

• A)The development of joint stock companies with limited liability in England
• B)The World War II
• C)The railway expansion in the United States
• D)Publication of the first definitive statement on the concepts of capital and profit by Paton and Littleton

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Definitions:

Executory Conditions

Provisions in a contract that require certain actions to be performed before an obligation becomes absolute.

Concurrent Conditions

In a contract, terms under which each party’s performance is conditioned on the performance of the other; occur only when the parties are required to perform for each other simultaneously.

Express

Implies clear and direct communication or conveyance of an idea, intention, or item without any ambiguity.

Executory

A term applied to a contract in which not all of the terms have been fully performed.