A Letter of Intent Is Not Likely to Be Enforceable

question 10

Multiple Choice

A letter of intent is not likely to be enforceable unless:

• A) there is a clearly stated start date for the contract.
• B) both parties agree on compensation.
• C) it is clear that both parties intended to be bound by the letter.
• D) conditions in the letter are met.

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Definitions:

Automatic Mind

The aspect of cognitive processing that functions without conscious thought, often responsible for habits, gut reactions, and quick decisions.

Conscious Mind

The aspect of the mind that is aware of one's environment, thoughts, feelings, and experiences at the present moment.

Universal Language

A hypothetical or proposed language that is understood and spoken universally by all human beings.

Cultural Phenomenon

Any aspect, trend, or activity that significantly influences or characterizes the social practices, beliefs, and behaviors of a society or a specific time period.