Indicate Which of the Following Would not Be an Example

question 77

Multiple Choice

Indicate which of the following would not be an example of an internal service fund:

• A) City Self-Insurance Fund
• B) City Print Shop.
• C) City Airport.
• D) City Data Processing Service Center.

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Definitions:

Valid Contract

A legally binding agreement between parties that is enforceable by law, meeting all essential elements like offer, acceptance, consideration, and mutual intent.

Rejection

In contract law, an express or implied manifestation of an offeree’s unwillingness to contract on the terms of an offer. In sales law, a buyer’s refusal to accept goods because they are defective or nonconforming.

Firm Offer

A legally binding proposal in contract law, ensuring the offer remains open for a specified time without the need for consideration.

Irrevocability

The quality of being irreversible or unchangeable, often used in legal contexts to describe contracts or decisions that cannot be revoked or undone.