Question: It is usually recommended that contracts be in written form. The main reason for this is that a. unwritten contracts are difficult to prove the

It is usually recommended that contracts be in written form. The main reason for this is that

a. unwritten contracts are difficult to prove the terms of and difficult for a court to enforce or uphold should a dispute occur.

b. only written contracts are legal; thus, courts will not even attempt to enforce an oral contract in the event of a dispute.

c. courts require ongoing records of all legal contracts, and such records can only be maintained with written documentation.

d. written contracts are much simpler to renegotiate should that prove necessary at some point.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!

Q:

Water (50F) flows with a speed of 5 ft /s through a horizontal run of PVC pipe. The length of the pipe is 100 ft , and the pipe is schedule 40 with a nominal diameter of 2.5 inches. Calculate (a) The...

Q:

It is usually recommended that contracts be in written form. The main reason for this is that a. unwritten contracts are difficult to prove the terms of and difficult for a court to enforce or uphold...

Q:

QUESTION 28 In sales law pursuant to Art. Il of the Uniform Commercial Code (UCC), the words, As is mean there are no implied warranties. True False QUESTION 29 A seller has an insurable interest in...

Q:

QUESTION 17 A federal court would have diversity jurisdiction in which of the following cases: (A) A Michigan resident sues an auto company ( a Michigan corporation) for product liability resulting...

Q:

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

Q:

A PDF version of this assignment is attached.I'll also put it in the Assignments folder in Files.As usual, you'll answer the questions in the online version.That version will be available for you to...

Q:

Who qualifies as an expert witness? 100 - 150 Words 13 DOCUMENTING AND PRESENTING THE CASE INTRODUCTION This chapter will explain how to pull everything together into a coherent report, and then,...

Q:

Chapter 11 Internet Law INTRODUCTION In the early 1990's the thought of a worldwide computer link to information all over the world was considered ridiculous. Now, the World Wide Web, email and the...

Q:

Excused Performance When Circumstances Change I. Introduction Circumstances change. Contracts made in good times may have to be performed in bad times. The cost of the seller's raw materials may...

Q:

Why is risk management important to an exhibition management company? To an exhibitor? title Author ISBN Publisher Publication Date Professional Meeting Management Professional Convention Management...

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

Reconsider Prob. 157. Using EES (or other) software, investigate the effect of the spring force in the range of 0 to 500 N on the pressure inside the cylinder. Plot the pressure against the spring...

Q:

Millbridge Memorial Hospital provides comprehensive physical exams. The charge per exam is $ 100, while the variable cost per exam is $ 65. Thirty percent of the patients who come in for exams are...

Q:

Income in respect of a decedent ( IRD ) is included in the decedent's final income tax return. Question 4 9 options: True False

Q:

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...