When Discussing the Purchase of an Existing Business, It Is

question 85

True/False

When discussing the purchase of an existing business, it is not necessary to get verbal understandings in writing from the seller.

---

Definitions:

Premises

Statements or propositions upon which an argument is based or from which a conclusion is drawn.

Claims

Statements or assertions made about a belief, policy, or proposition that are typically supported by evidence and reasoning.

Application Condition

Specific circumstances or requirements under which a theory, principle, or rule is applied or implemented.

Acceptance Condition

Criteria required to be met in order for an offer or proposal to be accepted.