Which of the Following Statements Is FALSE

question 2

Multiple Choice

Which of the following statements is FALSE?

• A)a contract for the sale of a house must be in writing to be valid
• B)most contracts must be in writing to be valid
• C)a mortgage on a condominium must be in writing to be valid
• D)it is always a good idea to put a contract in writing even it is not a legal requirement
• E)on-line contracts are legally valid contracts

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Definitions:

Investing Activities

Financial activities related to the purchase and sale of long-term assets and investments, not including cash reserves.

Investing Activities

Part of the cash flow statement that shows the cash spent or received from investment activities, including purchases and sales of physical assets or investments in securities.

Financing Activities

Transactions related to raising funds or repaying borrowed funds, as reported in the statement of cash flows.

Financing Activities

Transactions a company undertakes to fund its operations and expansions, such as issuing equity or taking on loans.