A Party Who in Good Faith Performs Substantially All of the Terms

question 21

True/False

A party who in good faith performs substantially all of the terms of a contract can enforce the contract against the other party.

---

Definitions:

Investing Activities

Transactions involving the acquisition or sale of long-term assets and investments, reflected in a company’s cash flow statement.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of the entity.

Operating Activities

Activities that relate to the core business operations of a company, including revenue and expense transactions.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.