Mobile Minutes Company Offers Nate an Unlimited Number of Monthly

question 38

Multiple Choice

Mobile Minutes Company offers Nate an unlimited number of monthly phone minutes for $4.50 per month.Nate accepts.If a dispute arises,a court would likely

• A)enforce the deal after questioning the adequacy of the consideration.
• B)not question the adequacy of the consideration.
• C)rewrite the deal after questioning the adequacy of the consideration.
• D)set aside the deal after questioning the adequacy of the consideration.

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Definitions:

Time Weighted

A method of calculating investment returns that eliminates the effects of cash inflows and outflows on the performance.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Dollar-Weighted Return

A method of calculating an investment's return that takes into account the timing and amount of capital inflows and outflows.

Internal Rate

The internal rate of return (IRR) is a financial metric used to evaluate the profitability of potential investments, representing the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.