A transactional contract is a legal contract that defines the economic relationship between two parties

Growth can be reconciled with the goal of maximizing firm value:

A. because greater growth always adds to value. B. because growth must be an outcome of decisions that maximize NPV. C. because growth and wealth maximization are the same. D. because growth of any type cannot decrease value. E. None of the above.

Which of the following is NOT a relevant consideration in a court's decision to void a

contract made with a mentally incompetent person? A) That the impairment was so serious so that the person did not understand the nature and consequences of his actions. B) That the contract is not one for necessities C) That the other party knew of the impairment at the time the contract was made D) That the agreement was cancelled within a reasonable time by the drunk or mentally incompetent person. E) That the price paid under the contract was high