A Contract Between Lou and Mike Requires a Transfer of Stolen

question 22

Multiple Choice

A contract between Lou and Mike requires a transfer of stolen goods for counterfeit currency.This contract is

• A)enforceable.
• B)void.
• C)voidable at the option of either party.
• D)voidable at the option of the party having less bargaining power.

---

Definitions:

Yield

The income return on an investment, such as the interest or dividends received from holding a particular security.

Annually Compounded

The process where interest is added to the principal sum of a loan or deposit once a year.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, shown as a percentage of the investment's starting price.

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.