Contract Elements
In contract law, what term describes the mutual exchange of something of value between the parties involved?
What is Consideration
This ratio is for the Gross Profit Margin
Gross Profit x 100
Sales
These are the 2 types of tax
What is Direct & Indirect
This principle means you cannot profit from Insurance
What is Indemnity
This place is the 2nd smallest country in the world
What is Monaco?
What term describes the legal ability of parties to understand the terms of a contract and make informed decisions?
What is Capacity to Contract
This ratio finds the Return on Investment
Net Profit x 100
Capital Employed
This tax is known as DIRT
What is Deposit Interest Retention Tax?
This clause is used when you underinsure an item
What is an Average Clause
Henry the 8th had this many wives
How many is 6?
What term describes the failure of one party to fulfill their obligations under a contract?
What is Breach of Contract
3 of these 4 things make up Capital Employed
What is Ordinary Shared Capital, Retained Earnings, Long Term Loans, Preferance Shares
This is a tax on Business Profits
What is Corporation Tax?
This Principle means you must tell the truth
What is Utmost Good Faith
This Irish actor was the first person to portray Dumbledor in the Harry Potter movies
Who is Richard Harris
Contracts that involve illegal activities or purposes are considered what in contract law?
What is Legal Purpose
Current Assets - Closing Stock : Current Liabilities
This is known as PRSI
What is Pay Related Social Insurance
This means after you make an insurance claim, you do not legally own it
What is Subrogation
This was the year the Titanic sunk
What is 1912
When a contract is breached, what is the legal term for the financial compensation awarded to the innocent party to make them whole?
What is Damages
This means your company is Low Gearing
When debt capital is less than equity capital
This is known as CAT
What is Capital Acquisitions Tax
This means if you insure with multiple companies, you wont make a profit
What is Contribution
What is the last year Ireland won the Eurovision?
What is 1996