Which of the following is correct with regard to a contract?
A) All contracts must be in writing.
B) A person who deposits money in a bank account has entered into a contract with the bank.
C) A contract may be for a tortious purpose.
D) To be valid, a contract must be bilateral and cannot be unilateral.
B
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Indicate whether the statement is true or false
With reference to the chasm model, the term conservatives refers to the:
A) innovators. B) early majority. C) late majority. D) laggards.
Financial position may be assessed by referring to a balance sheet
Indicate whether the statement is true or false
Which of the following is NOT a long-term investment?
a. Stock held to exert influence on another company b. Land held for speculation c. Trademarks d. Cash surrender value of life insurance