Every Contract Involves at Least Three Parties

question 22

True/False

Every contract involves at least three parties.

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Definitions:

Illegal Profits

Earnings obtained through activities that are unlawful or against regulatory guidelines.

Hijack

The act of unlawfully seizing control of a vehicle, such as an airplane or ship, often to demand a ransom or achieve a political goal.

Competing Clause

Often referred to as a non-compete clause, it is a contract provision that restricts one party's ability to enter into or start a similar profession or trade in competition against another party.

E-commerce Strategy

A plan that outlines how businesses will conduct their sales, marketing, and operations online to drive consumer engagement and sales.