Which of the Following Contracts Must Be in Writing

question 67

Multiple Choice

Which of the following contracts must be in writing?

• A) Contracts for sale of goods of $400 or more
• B) Contracts for sale of goods of $100 or more
• C) Contracts that cannot be performed in six months
• D) Contracts that are secondary or collateral contracts

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Definitions:

Groupthink

Groupthink is a psychological phenomenon that occurs within a group of people when the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Reorganization Changes

The process of modifying the structure or operations of an organization to improve efficiency, adapt to new markets, or recover from financial distress.

Political Activity

Actions intended to influence government policy or decisions, ranging from voting and lobbying to activism and protest.

Cohesive Groups

Social or work groups that are closely united and exhibit strong levels of commitment to each other, fostering high group morale.