A Valid Contract Can Become Unenforceable Because of a Statute

question 456

True/False

A valid contract can become unenforceable because of a statute passed after the contract was formed.

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Definitions:

Exponentially

Involves growth at an increasingly rapid rate over a period of time.

Master Data Management

A process that provides companies with the ability to store, maintain, exchange, and synchronize a consistent, accurate, and timely “single version of the truth” for the company’s core master data.

Data Governance

An approach to managing information across an entire organization.

Data Rot

The gradual degradation or loss of data quality or integrity over time due to various factors such as obsolescence or storage medium deterioration.