Contract Law Generally Places More Importance on the Intent of the Parties

question 31

True/False

Contract law generally places more importance on the intent of the parties to form a contract than on the inclusion of certain terms in the contract.

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Definitions:

Administrative Expenses

Overhead or indirect costs related to the general operation of a company, such as office supplies, legal fees, and management salaries.

Planning Budget

A financial plan that estimates the revenues and expenditures for a certain period of time in advance.

Personnel Expenses

Costs associated with employing staff, including salaries, benefits, training, and taxes.

Client-Visits

Client visits are meetings or engagements conducted by business representatives at their clients' locations to discuss services, products, or maintain relationships.