One Requirement of an Express Contract Is That It Has

question 85

True/False

One requirement of an express contract is that it has to be in writing.

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Definitions:

Minimum-Contacts Standard

A legal standard that determines whether it is fair for a court in one jurisdiction to assert its authority over a defendant from another jurisdiction.

Business Firm

An organization engaged in commercial, industrial, or professional activities with the purpose of generating profit.

Large Corporations

Substantial business entities with significant operational scale, usually involving multi-national operations and a large number of employees.

Jurisdiction

The legal authority granted to a court or governmental entity to make decisions and enforce laws.