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"It Is Imperative That All Business Contracts Be in Writing

question 28

Essay

"It is imperative that all business contracts be in writing." Assess this statement.Is it accurate from a legal perspective? It is accurate from the perspective of risk management? Explain your reasoning.


Definitions:

Filtrate Formed

The liquid portion that has been passed through a filter during the process of filtration, containing substances dissolved in a fluid.

Filtration Pressure

Pressure gradient that forces fluid from the glomerular capillary through the filtration membrane into Bowman’s capsule; glomerular capillary pressure minus glomerular capsule pressure minus colloid osmotic pressure.

Efferent Arteriole

A small artery that carries blood away from the glomerulus of the kidney after filtration.

Urine Formation

The physiological process involving filtration, reabsorption, and secretion, through which the kidneys produce urine.

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