What Are,if Any,the Possible Defenses Against a Valid Contract Which

question 121

Multiple Choice

What are,if any,the possible defenses against a valid contract which may cause it to be unenforceable?

• A)Genuineness of assent and form
• B)Control and offer
• C)Agreement and legal
• D)Agreement and offer

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Definitions:

Improvement

Enhancements made to an asset or property that increase its value or extend its useful life, rather than repairs which maintain its current condition.

Standard Costs

Predetermined or estimated expenses that are often used to measure and control the cost of producing a product or performing a service.

Management Tool

A management tool is any device, technique, or software used to manage an organization's processes, resources, or data effectively.

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs attributed to a variation in produced units volume.