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A Contract Must Be in Writing Under the Statute of Frauds

question 77

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A contract must be in writing under the Statute of Frauds if:

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Definitions:

Piercing The Veil

A legal concept that allows courts to hold shareholders or members of a corporation personally liable for the corporation's actions or debts under certain circumstances.

Nonprofit Corporation

An organization established for purposes other than making a profit, which typically benefits the public, a specific group of individuals, or the membership of the nonprofit.

Church Donations

Contributions made by individuals or entities to a church, which can be monetary or in the form of goods and services.

Publicly Held Corporations

Companies that sell their shares publicly, allowing the public to invest and own a portion of the company.

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