Abco Corp Is Building a New Office Tower

question 9

True/False

Abco Corp. is building a new office tower. Ace Plumbing Supplies refuses to provide plumbing materials on credit to the plumbing subcontractor on the building. Abco promises Ace that it will pay for the materials if the subcontractor does not. Abco's oral promise is enforceable.

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Definitions:

Nonprofit Organizations

Entities that operate for the public or social benefit instead of for profit, often focusing on charitable, educational, scientific, or religious purposes.

Religious Organizations

Groups or institutions formed around a shared faith, belief system, or religious practice, often engaging in worship, teachings, and community services.

Performance Based

A concept or strategy that involves evaluation and rewards based on the achievement of specific results or outcomes.

Grant Recipient

An individual or organization that receives funds from a grant-making entity to support specific projects or activities.