The Courts Will Find an Implied Contract When

question 45

Multiple Choice

The courts will find an implied contract when

• A)justice demands it.
• B)conduct of the parties indicates they intended an agreement.
• C)there is promissory estoppel.
• D)there is undue influence.

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Definitions:

Cost Allocated

The distribution of an indirect cost or group of costs to the various departments, projects, or products that benefit from those costs.

Support Department

An organizational unit that provides essential services, support, or resources that help other direct-function departments operate effectively.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as departments, products, or projects, for budgeting, accounting, or costing purposes.

Reciprocal Services

The process in cost accounting where two or more departments provide services to each other and the costs of these services are allocated between them.