Dick Participates in an Activity for 90 Hours During the Year.He

question 79

True/False

Dick participates in an activity for 90 hours during the year.He has no employees and there are no other participants.Dick is a material participant.

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Definitions:

Tender

An offer to perform work, supply services, or sell goods at a specified price.

Deed

A legal document that represents the ownership of a property and can transfer that ownership from one party to another.

Statute Of Frauds

A legal concept that requires certain kinds of contracts to be written and signed in order to be enforceable.

Parol Evidence Rule

A rule that prevents a party from introducing evidence that would add to or contradict terms of a contract.