If a Contract Is Required to Be in Writing Under

question 12

Multiple Choice

If a contract is required to be in writing under the Statute of Frauds but is not,the contract is ________.

• A)executed
• B)unilateral
• C)unenforceable
• D)formal

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Definitions:

Vendor Rating System

A method used by businesses to evaluate and rank suppliers based on performance criteria such as quality, delivery time, price, and compliance.

Postpurchase Behavior

The actions and reactions of consumers after buying and using a product, which can include product reviews, repeat purchases, or complaints.

Buying Committee

A group of individuals within an organization responsible for making purchase decisions, typically involving high-value products or services.

Formalized Buying Center

A structured group within an organization responsible for making purchase decisions.