The One-Year Rule States That an Executory Contract That Cannot

question 57

True/False

The one-year rule states that an executory contract that cannot be performed by its own terms within one year of its formation must be in writing.

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Definitions:

Alternative B

A second or other option in a set of choices, commonly referred to in decision-making scenarios or proposals.

Alternative A

A term that refers to one of several options or choices in a decision-making process, typically labeled as "Alternative A" for distinction.

Financial Advantage

This term refers to the benefits gained in financial terms, which could include lower costs, higher revenues, or any other aspect that improves a company's financial position.

Unit Price

The cost per single item or unit, facilitating cost comparisons and financial analysis.