(a) In general, are oral contracts as valid and enforceable as written ones? (b) Why should contracting...
Question:
(b) Why should contracting parties consider reducing their agreement to writing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
a Generally oral contracts are equally enforceable as written one...View the full answer
Answered By
Ajay Negi
Hi, I've completed my degree in engineering (Information Technology) from an NIT. Currently working as a software engineer. Wish to impart quality education to the future generation.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
The Legal and Regulatory Environment of Business
ISBN: 978-0078023859
17th edition
Authors: Marisa Pagnattaro, Daniel Cahoy, Manning Magid, Lee Reed, Pe
Question Posted:
Students also viewed these Business Law questions
-
1. Anderson was seriously injured in a traffic accident. Andersons daughter called a doctor, Lawrence, and told him to give my father the best care you can give him, and Ill pay whatever you charge....
-
A company sued a meat distribution market, claiming breach of contract following the markets failure to pay money owed on five notices of purchases (NOPs) as well as collection of accounts under the...
-
1. Explain how these situations arise in business based on what happened in this case. 2. Offer some ideas on what those involved in purchasing should be doing when ordering goods from manufacturers....
-
Recession is defined as... a) increase in unemployment b) decrease in consumer spending c) two consecutive quarters of negative economic growth d) both A & B
-
What elements are examined to determine whether a partnership exists?
-
Comparative balance sheets report average total assets for the year of $2,575,000 and average total equity of $1,917,000 (dollar amounts in thousands, except earnings per share). a. Prepare an income...
-
Figure P28.20 shows a wire segment bent into a halfcircle, with the center of curvature labeled \(P\). If the wire of which this segment is a part is extremely long and carries a current \(I\), what...
-
Ken Stark is an operations analyst for an insurance company in Muncie, Indiana. Over the next 6 weeks the company needs to send 2,028,415 pieces of marketing literature to customers in the 16 states...
-
Journalize the employer's payroll tax expense for February 28. Notice that this journal entry is similar to the one on January 31. Use the February FICA amounts. Notice that Amy Hamilton reaches the...
-
Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...
-
When a Meeting of the Minds Is Lacking Chatter is a social networking service that promises to keep its users data private. However, Chatter sells its data to a data broker who then sells it online....
-
(a) Explain the purpose of requiring certain types of contracts to be in writing. (b) List four types of contracts covered by the traditional statute of frauds.
-
Construct a concept map that embodies the ideas of valence bond theory.
-
Required i) Carefully explain the steps you would take to calculate the 10-day VaR (5th percentile, in US dollars) for this portfolio, using the single index model (SIM) and the variance- covariance...
-
A corporate taxpayer's capital gains and losses are as follows: Short-term capital gain $7,000 Short-term capital loss $(43,000) Long-term capital gain $ 9,000 Long-term capital loss $(21,000) What...
-
An accrual-basis taxpayer sold land for $100,000 on July 1, Year 1, and received $20,000 cash and a note for $80,000. The taxpayer's basis in the asset is $60,000. What amount of gain, if any, should...
-
The logistic function defined by: 1 a + e-t N(t) = t0 represents the growth of a population. We will derive this func- tion by solving a differential equation model sume that a is a positive...
-
If you go on a motorcycle trip of 200 miles in the mountains and 8/19 of the trip is uphill, how many miles of the trip are not uphill? Reduce to the lowest terms
-
On January 1, 2024, Jay Company acquired all the outstanding ownership shares of Zee Company. In assessing Zees acquisition-date fair values, Jay concluded that the carrying value of Zees long-term...
-
Use of the contraceptive Depo Provera appears to triple women's risk of infection with chlamydia and gonorrhea , a study reports today. An estimated 20 million to 30 million women worldwide use Depo...
-
Should the Court have applied the doctrine of stare decisis to hold that minimum resale price maintenance agreements are still subject to the per se rule? Why or why not?
-
What factors might the courts consider in applying the rule of reason to minimum resale price maintenance agreements?
-
The Ethical Dimension What are the ethical values underpinning antitrust laws, and why are those laws applied to tying arrangements in particular?
-
What are the main role of a businessmen to build the good business relation and communication to make the business better everyday?
-
Let's assume your lab balloons, when filled with air, each had a mass of 3.00 grams. In a variation of your lab activity, you attach one of these balloons to a string such that the distance from the...
-
Samantha normally requires 1 3 7 0 0 kJ ( about 3 2 7 4 Calories ) of food energy per day. If Samantha consumes 1 4 3 8 5 kJ per day, she will steadily gain weight. How much time must Samantha spend...
Study smarter with the SolutionInn App