If Johnny Made an Oral Contract with Peter to Sell

question 31

True/False

If Johnny made an oral contract with Peter to sell Peter his truck for $15,000,Johnny's eventual refusal to sell the truck is considered breach of contract.

---

Definitions:

Final Value

Refers to the value of an investment or payment at the end of a specified period, accounting for interest or growth.

Fraction

A mathematical expression that represents the division of one quantity by another.

Value

The financial worth of an asset, service, or company based on revenue, assets, earnings, market cap, and other factors.

Division

A mathematical operation that involves dividing one quantity by another to determine how many times the first is contained in the second.