An Unenforceable Contract Is One That Cannot Be Enforced Because

question 10

True/False

An unenforceable contract is one that cannot be enforced because of certain legal defenses against it.

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Definitions:

Structural Unemployment

Unemployment that occurs as a result of restructuring within industries, often brought on by advances in technology, as opposed to changes in market supply or demand.

Economic Organization

The structured system of production, distribution, and consumption of goods and services within a society or economy.

Base Year

A reference year against which economic growth, inflation, and other economic indicators are measured to assess changes over time.

A W Phillips

An economist known for the Phillips Curve, which suggests an inverse relationship between unemployment and inflation rates.