An Output Contract Is Too Vague to Be a Legally-Enforceable

question 20

True/False

An output contract is too vague to be a legally-enforceable agreement.

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Definitions:

Sale

The exchange of goods or services for money, constituting a fundamental economic activity.

Excess Cash

Indicates surplus cash that a company holds beyond what is required for its day-to-day operations.

Stock Split

A business operation where a corporation segments its current shares into several shares, with the goal of increasing share liquidity.