Part of the Reason That It Is Important to Have

question 15

True/False

Part of the reason that it is important to have a well written,persuasive business plan is because it can usually hide from investors the fact that the business has little economic potential or is not a sound idea.

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Definitions:

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across states.

Mirror-Image Rule

A contractual principle stating that an offer must be accepted exactly without modifications for a valid contract to be formed.

Subject Matter

The specific topic, content, or issue that is under discussion or consideration in a contract or legal document.

Express Contract

An agreement with clear, explicit terms that are communicated verbally or in writing between parties.