All Contracts Need to Be in Writing to Be Enforceable

question 19

True/False

All contracts need to be in writing to be enforceable.

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Definitions:

Repayment Date

The specific date on which a borrower agrees to pay back the principal and/or interest on a loan.

Employees

Individuals hired by a company or organization to perform specific duties in exchange for compensation.

Cut

To reduce or decrease the size, amount, or number of something.

Discount

A reduction from the usual cost of something, typically for promotional reasons or to incentivize purchase.