Question: Is it still true today that the most valuable contracts must be in writing?

Is it still true today that the most valuable contracts must be in writing?

Step by Step Solution

★★★★★

3.50 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Not necessarily For example employment contracts need not be in writing unless they co... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

86-L-B-L-C (87).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

What contracts must be in writing to be enforceable?

Q:

What types of contracts must be in writing to be enforced?

Q:

What types of contracts must be in writing to be enforced? Discuss.

Q:

Purpose of the Statute of Frauds Question: What is the purpose of the statute of frauds? Question: Why has the statute of frauds historically included the six types of contracts listed in the text?...

Q:

Purpose of the Statute of Frauds Question: What is the purpose of the statute of frauds? Question: Why has the statute of frauds historically included the six types of contracts listed in the text?...

Q:

The statute of frauds: A plaintiff may not enforce any of the following agreements, unless the agreement, or some memorandum of it, is in writing and signed by the defendant. The agreements that must...

Q:

The statute of frauds: A plaintiff may not enforce any of the following agreements, unless the agreement, or some memorandum of it, is in writing and signed by the defendant. The agreements that must...

Q:

a) What is the purpose of the statute of frauds? b) Why has the statute of frauds historically included the six types of contract listed in the text? c) What is the effect of the statute of frauds?...

Q:

Introduction One stated learning outcome of MGMT 225 is to be able to, "Practice creative thinking and oral and written communication skills through class activities, problem solving, and case...

Q:

1. An unenforceable contract may have all of the elements of a complete contract and still may not be upheld by a court of law. True or False 2. Typically, all contracts must be in writing to be...

Q:

Erin Richards is a junior at Central High School, and she has talked to her guidance counselor about her chances of being admitted to Tech after her graduation. The guidance counselor has told her...

Q:

A company reports the following Information for Its direct labor Actual hours of direct labor used Actual rate of direct labor per hour standard rate of direct labor per hour standard hours of direct...

Q:

Prepaid cards act like credit cards because you are ultimately spending your own money. true or false.

Q:

The geartrain in the transmission for the Segway Personal Transporter uses helical gears to reduce noise and vibration (Figure P8.28). The vehicles wheels have a diameter of 48 cm, and it has a top...

Q:

In the Bigmar case, the court clearly believed that the directors had lied on the witness stand. Should the directors have been charged with perjury? Did they do the right thing when they lied on the...

Q:

Bates Company issued $1,000,000, 12-year bonds and agreed to make annual sinking fund deposits of $60,000. The deposits are made at the end of each year into an account paying 6% annual interest....

Q:

A reversed-phase separation of a reaction mixture calls for isocratic elution with 48% methanol/52% water. If you want to change the procedure to use acetonitrile/water, what is a good starting...

Q:

In image-processing applications, such as for optical character recognition, it is often useful to group together contiguous sets of similarly colored pixels in an image. (See Figure 7.11.) For...

Q:

Explain the importance of dynamic business models and the relationship with strategy, tactics, operations and compliance (STOC) activities.

Q:

Was there a bailment?

Q:

1. What law governed the Mitchells lease of the safe deposit box from the Bank? 2. How did the box-rental agreement deal with the parties liability?

Q:

1. Why do the Mitchells argue that there was a bailment? Why? 2. Viewed as a bailment relationship, which party is liable for the loss?

Q:

Help solving A quiz is out of 100 points. Suppose the scores on a quiz are normally distributed with a mean of 82 with a standard devation of 2.7. Suppose Jeff's score on the quiz has a z-score of...

Q:

Assume an investor buys a newly issued coupon rate of 5 percent, semi-annual 13 year bond at par. He sells it two years later, when market interest rates change to 6 percent. How much is the...

Q:

Hello! I only need help on questions 4-6. Thank you so much for the help! Use the following financial statements to calculate the leverage ratios for Belfor Brothers 1. Calculate the debt to equity...