A Sunday Contract Is Declared Legal by Statute

question 11

True/False

A Sunday contract is declared legal by statute.

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Definitions:

Foreign Firms

Companies that are based in one country but conduct business operations in other countries.

Payment

The transfer of money or goods from one party to another as compensation or in exchange for goods or services.

New York Convention

An international treaty designed to facilitate the recognition and enforcement of foreign arbitral awards.

Arbitration Clause

A provision in a contract that requires the parties to resolve disputes through arbitration rather than through litigation.