When You Have a Budget, You Cannot Purchase Office Supplies

question 97

True/False

When you have a budget, you cannot purchase office supplies if it is over the budgeted amount.

---

Definitions:

Consideration

A fundamental component in contract law, referring to something of value that is exchanged between parties as part of an agreement.

Inventor

An individual who creates something new, whether it is an idea for a product, a device, or a process.

Exclusive Right

A legal entitlement allowing an individual or entity to engage in a particular activity or use a particular property to the exclusion of all others.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.