Demi Promises to Buy a House from Caleb,who Promises to Vacate

question 8

Multiple Choice

Demi promises to buy a house from Caleb,who promises to vacate the prop-erty on June 1.If these promises are in writing,they are most likely

• A)enforceable.
• B)unenforceable.
• C)void.
• D)voidable.

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Definitions:

AASB 133

Refers to the Australian Accounting Standards Board standard on Earnings per Share, outlining how to calculate and present earnings per share in financial statements.

Publicly Traded

Refers to companies or securities that are available for buying and selling on the public stock exchanges.

Time-weighting Factor

A calculation used to adjust the influence of specific data points in an averaging or forecasting method based on their occurrence in time.

Ordinary Shares

Shares of a company that entitle the holder to dividends as declared and give them voting rights in company meetings.