An agreement in which parties intend to form a valid bargain, but a court declares that some rule of law prevents enforcing it is called
A. a void agreement.
B. a voidable contract.
C. an unenforceable agreement.
D. a quasi-contract.
Answer: C
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People know that the Fed has the incentive to announce that the inflation rate will be 3 percent next year, so people will build 3 percent inflation into their wage negotiations. But then the Fed has the incentive to increase inflation above 3 percent to make the economy grow faster. This type of phenomenon is known as
A. inflation targeting. B. time inconsistency. C. McCallum's rule. D. an expectations trap.
According to the AICPA, which of the following is not a safeguard to the auditing profession?
a. Education. b. Professional standards. c. External reviews. d. Legislation concerning competency requirements.
The Rome Statute is binding only on those states that formally express their consent to be bound by its provisions
Indicate whether the statement is true or false
Barney wants to rent an apartment and posts an advertisement in a classifieds website. Two days later, Michael, who wants to rent out his apartment, emails Barney and they finalize the deal over the internet. Barney pays Michael through an online transfer. This is an instance of ________.
A. e-licensing B. e-commerce C. cybersquatting D. information licensing