"Contracts Must Be in Writing to Be Enforceable

question 89

Essay

"Contracts must be in writing to be enforceable." Discuss the accuracy of this statement.

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Definitions:

Total Asset Turnover

A metric assessing how effectively a company utilizes its assets to produce income.

Return on Total Assets

A financial ratio that measures a company's ability to generate earnings from its total assets.

Bonds

Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental, that pays back with interest.

Par Value

The stated value or face amount of a bond, stock share, or coupon as declared by the issuing entity.