In General, Contracts Are Invalid If They Are Not in Writing

question 33

True/False

In general, contracts are invalid if they are not in writing or signed.

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Definitions:

Insured People

Individuals who have purchased insurance coverage, thereby transferring the risk of certain financial losses to an insurance company in exchange for premiums paid.

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicle-related incidents.

Idea Evaluation

The process of assessing the viability, potential success, or worthiness of a concept or proposal.

Marketing Researcher

A marketing researcher is a professional who gathers, analyzes, and interprets data about markets, customers, and consumer behaviors to inform business strategies.