Explain How an Oral Contract That Is Unenforceable Because It

question 22

Essay

Explain how an oral contract that is unenforceable because it is not in writing,may still affect the relationship between the parties.

---

Definitions:

Global South

A term used to describe countries typically situated in the Southern Hemisphere, often associated with lower economic development and historical colonization impacts.

Foreign Direct Investment

A financial commitment by an individual or company from one country into business ventures or the acquisition of assets in a different country, either by forming business operations or purchasing business assets.

China

A country in East Asia, the world's most populous nation, known for its rich cultural history and rapid modern economic growth.

Largest Net Recipient

A term most often used in economics or finance, referring to the entity or country that receives the most in net transfers or payments relative to what it provides.