For a Particular Contract to Fall Under the One-Year Rule

question 3

True/False

For a particular contract to fall under the one-year rule, the parties must subjectively believe that its performance is impossible to complete within a year.

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Definitions:

Employees

Individuals who are hired by a person or business for wages or salary to perform work or services.

Human Resource Planning

The process of ensuring that an organization has the right number and types of employees, at the right time and place, who are capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic objectives.

Strategic Planning

Procedures for making decisions about the organization’s long-term goals and strategies.