An Agreement Subject to the Statute of Frauds Must Be

question 60

True/False

An agreement subject to the Statute of Frauds must be written on paper.

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Definitions:

Flexibility

Flexibility in business refers to the ability of a company to adapt quickly to changes in the market or environment, including adjusting processes, products, or strategies to meet new circumstances.

Special Journal

A specialized accounting journal used to record and post transactions of a similar type.

Subsidiary Ledger

A detailed ledger that provides a breakdown of transactions relating to a specific account, which then rolls up into the general ledger.

Usefulness

Usefulness in a business context often refers to the degree to which information or data meets the needs of its users, enabling informed decision-making.