Example of a Nonprofit Organization Is

question 287

Multiple Choice

example of a nonprofit organization is

• A) the Food and Drug Administration.
• B) CVS Pharmacies.
• C) the University of Kentucky School of Medicine.
• D) the manufacturer of Bayer Aspirin.
• E) the American Red Cross.

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Definitions:

Rescindable

Refers to a contract or deal that can be legally canceled or revoked.

Voidable

A contract or act that is voidable can be legally declared invalid by one of the parties involved, often due to reasons such as fraud or coercion.

Implied-In-Law

A legal term referring to rights or obligations that are enforced by a court, not because of an agreement or contract, but to avoid injustice.

Implied-In-Fact

A contract formed by the circumstances or conduct of the parties involved, rather than written or spoken words.