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Three of the Following Are Accurate Statements About Factors That

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Three of the following are accurate statements about factors that affect transfer.Which statement is inaccurate?


Definitions:

Simple Contract

A written or verbal contract not under seal; also called a parol contract.

Legal Liability

The state of being legally responsible for something, such as a debt or obligation.

Third Party

An entity or individual who is not directly involved in a transaction or legal matter but may be affected by it.

Offer

A proposal presented by one party to another as a basis for negotiations or forming a contract.

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