A Preliminary Agreement Cannot Constitute a Binding Contract

question 40

True/False

A preliminary agreement cannot constitute a binding contract.

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Definitions:

Federal Deposit Insurance Corporation

A United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

Event-Driven Sequencer

A programming construct or device that generates actions in response to specific occurrences or "events" within a system.

Mechanical Drum Switch

a type of switch that rotates around a drum to change electrical contacts, used for controlling motors or other devices.

Shift Registers

Digital circuits that are used to store and shift data bits sequentially, commonly used in digital communication and data processing for temporary data storage and manipulation.