A Contract Must Be in Writing to Be Enforceable If

question 1

True/False

A contract must be in writing to be enforceable if it makes performance possible only over a period of more than one year.​

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Definitions:

Inflation Rate

The percentage increase in the general level of prices for goods and services in a country over a period, typically measured annually.

Industry Life Cycle

A sequence of stages from introduction, growth, and maturity to decline that industries typically go through, affecting companies’ strategies and performances.

Dividend Payout Rates

The proportion of a company's earnings paid out to shareholders in the form of dividends, usually expressed as a percentage.

R&D Spending

The amount of money that a company allocates towards research and development to innovate or improve its products or services.