Where an Agreement Reached Through Offer and Acceptance Contains the Phrase

question 17

True/False

Where an agreement reached through offer and acceptance contains the phrase "this agreement is subject to formal contract," the agreement itself is unenforceable unless and until the formal contract comes into existence.

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Definitions:

Mutually Beneficial

A situation or agreement that provides advantages or positive outcomes to all parties involved.

Specific Review

An in-depth assessment or examination focused on a particular object, document, or subject matter.

Contact Information

A set of data that includes means to communicate with an individual or organization, such as phone number, email address, and physical address.

Selling Point

A distinctive feature or benefit of a product, service, or idea that makes it appealing to potential buyers or users.