There Is No Requirement That the Parties Actually Sign the Written

question 137

True/False

There is no requirement that the parties actually sign the written document if they come to an agreement;they simply must come to an agreement.

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Definitions:

Perpetual Inventory System

An inventory management system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Net Method

An accounting technique used for recording purchases where the purchase is recorded net of any trade discounts offered by the supplier.

Returned Merchandise

Items that customers bring back to the seller after purchase due to defects, dissatisfaction, or other reasons, often leading to refunds or exchanges.

Periodic Inventory System

An inventory system where inventory levels are updated at specific intervals, typically through physical counts.