A Contract Must Be in Writing to Be Enforceable Unless

question 28

True/False

A contract must be in writing to be enforceable unless its performance is impossible within one year.

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Definitions:

Capacity Management

The process of planning and controlling the resources needed to meet production demands, ensuring optimal use of facilities and equipment.

Peak Demand Season

The period during which a business experiences the highest level of consumer demand for its products or services, often leading to inventory and supply chain challenges.

Predictable Variability

Variations in demand or supply that can be forecasted with a degree of accuracy based on historical data or patterns.

Common Components

These are parts or materials used in the manufacturing of multiple different products, helping to reduce inventory costs and simplify production processes.