Which of the following terms designates the legal ability of a party to enter into a contract?

A) Consent
B) Affirmation
C) Materiality
D) Capacity


D

Business

You might also like to view...

Which type of research is most reminiscent of an exit interview that would ask a question such as, "What exactly could we have done to keep you from leaving the company?" and "Is there anything we can do to keep you from resigning from your position"?

A. Relationship survey B. Lost customer research C. Post transaction survey D. Complaint solicitation E. Critical incidents studies

Business

Because of the problems with the NLRA, some believe that it should be _______________________________ rather than reformed or transformed.

Fill in the blank(s) with the appropriate word(s).

Business

Which of the following phrases best describes process focus?

A) low volume, high variety B) Finished goods are usually made to a forecast and stored. C) Operators are less broadly skilled. D) high fixed costs, low variable costs E) low inventory

Business

Best Silo Storage applies for a business loan from County Credit Union. To help Best Silo get the loan so that it will be able to stay in business and fulfill a deal it has made with her, Dakota promises the credit union's loan officer that she will repay the loan if Best Silo does not. To be enforceable, Dakota's promise

a. need not be in writing. b. must be in writing because it benefits Best Silo. c. must be in writing because the credit union is not a party to the other deal. d. must be in writing because it benefits Dakota.

Business