A Contract Can Be Enforced Only If It Has

question 4

Multiple Choice

A contract can be enforced only if it has:

• A)one party has agreed to the contract.
• B)one party must agree to perform some act.
• C)both parties must be over age 25.
• D)the purpose of the contract must be legal.

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Definitions:

Goods Sold

The total number of products or services that a company sells during a specific period.

Cash Balance

The amount of cash held by a company at a given point in time.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its bank accounts at any time to meet routine operational expenses.

Cash Receipts

Money received by a business, including payments from customers, cash sales, and other sources of income.