Examlex
Which of the following would not be included with the cash and cash equivalents on the balance sheet?
Voluntary Consent
Consent freely given without coercion, where the individual fully understands what they are agreeing to.
Consideration
In contract law, it's the value that is exchanged between parties in a contract, making the agreement legally binding.
Agency Relationships
A relationship in which one party (the agent) agrees to act for another party (the principal) in a business transaction.
Ratification
The act of giving formal consent or approval to something, making it officially valid, typically in the context of contracts or agreements.
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