Consideration can best be described as:
A) A counteroffer.
B) What is received in a contract.
C) Something of legal value.
D) A signature on a contract.
E) A promise.
C
You might also like to view...
By 2019, the buying power of Hispanics and African Americans will each exceed $1 trillion a year.
Answer the following statement true (T) or false (F)
The ________ is the rate of return that a firm must earn on its investments in order to maintain the market value of its stock
A) yield to maturity B) cost of capital C) internal rate of return D) modified internal rate of return
Use Form 1040EZ to calculate the taxable income for Pamela Zaskoda. She is single and earned $24,800 in wages, plus $250 in interest. Pamela has no exemptions other than herself. Assume her standard deduction is $5,450 and a single exemption is $3,500 . Calculate her taxable income
a. $5,450 b. $16,100 c. $3,500 d. $25,050
A taxpayer instructing her son to collect rent checks for the taxpayer's property and to report this as taxable income on the son's tax return violates which doctrine?
A. Implicit tax doctrine. B. Step-transaction doctrine. C. Constructive receipt doctrine. D. Assignment of income doctrine. E. None of the choices are correct.