An Agreement That May Be Rejected by One of the Parties

question 37

Multiple Choice

An agreement that may be rejected by one of the parties for a legally acceptable reason is a(n) :

• A) implied contract.
• B) void contract.
• C) voidable contract.
• D) valid contract.

---

Definitions:

Monthly Payments

Regular payments made on a loan or mortgage, usually consisting of principal and interest components, occurring once a month.

Commission-Driven Brokers

Financial agents whose earnings are primarily derived from commissions on sales or transactions they facilitate for clients.

Sarbanes-Oxley Act

A U.S. federal law passed in 2002 that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms, aiming to protect investors from fraudulent financial reporting.

Board of Directors

A group of elected individuals who represent shareholders and oversee the activities and strategic direction of a company.