A Contract for the Lease of Goods Involving Total Payments

question 71

True/False

A contract for the lease of goods involving total payments of $500 or more needs to be in writing to be enforceable.

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Definitions:

House Rule 25

A specific regulation or policy within an organization or institution, often relating to governance or operational procedures, though the content can vary widely depending on the context.

Lobbyists

Individuals or groups hired to influence lawmakers, regulation, or policies in favor of the entity that employs them, often through direct contact or advocacy.

Gifts

Items or funds given without expectation of payment or return, often to show affection, support causes, or provide assistance.

Political Action

Activities aimed at influencing governmental decisions or policies, which can include voting, campaigning, and advocacy efforts.