In Denney V

question 2

Multiple Choice

In Denney v. Reppert, which of the following led to the final judgment by the court?

• A) Illusory promise
• B) Out of bailiwick
• C) Promissory estoppel
• D) Promise revived after statute of limitations has passed
• E) Liquidated damage

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Definitions:

Net Income

The company's net income following the deduction of all costs and taxes from its total revenue.

Investing Activities

Transactions involving the acquisition or sale of long-term assets and investments, reflected in a company’s cash flow statement.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of the entity.

Operating Activities

Activities that relate to the core business operations of a company, including revenue and expense transactions.