Kady,an Agent for Lebron,enters into a Contract on Lebron's Behalf

question 31

Multiple Choice

Kady,an agent for Lebron,enters into a contract on Lebron's behalf with Madge that must be in writing to be enforceable under the Statute of Frauds.Kady's authority to enter into this contract is not in writing.Under the equal dignity rule,this contract is

• A)enforceable.
• B)void.
• C)voidable at Lebron's option.
• D)voidable at Madge's option.

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Definitions:

Fiscal Policy

Governmental measures, typically involving taxation and public spending, aimed at influencing economic conditions.

Inflation

A general increase in prices and fall in the purchasing value of money.

Monetary Growth

An increase in the money supply in an economy over time, which can influence inflation and economic activity.

Government Surplus

The situation where a government's income from taxes and other sources exceeds its expenditure over a specified period.