Apples & Pears Orchards Contracts to Hire Brigit for One

question 16

Multiple Choice

Apples & Pears Orchards contracts to hire Brigit for one year to tend the fruit in its commercial orchards but reserves the right to cancel the employment on thirty days' notice at any time after Brigit begins work.This promise is

• A)enforceable.
• B)illusory.
• C)unliquidated.
• D)unforeseen.

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Definitions:

Equipment Loans

Financial products designed specifically to fund the purchase of machinery and equipment needed for business operations.

Debt-to-Equity Ratios

A financial metric used to assess a company's financial leverage, calculated by dividing its total liabilities by stockholders' equity.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Accounts Payable

An accounting term for the amount of money a company owes to its creditors for supplies, services, or goods purchased on credit.