An Implied Contract Is Not an Enforceable Contract

question 79

True/False

An implied contract is not an enforceable contract.

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Definitions:

Defective Units

Products produced by a manufacturing process that do not meet the quality standards set by the company and cannot be sold to customers.

Production Process

A series of actions, operations, or methods employed in the manufacture or production of goods or services.

Machine Hours

The cumulative duration during which machines are utilized in the production process, often a factor in costing models.

Contribution Margin

The amount by which sales revenue exceeds variable costs, it's a key figure that helps in assessing the profitability of products or services.