Because Transfer of Value Is Essential to a Valid Contract,contracts

question 4

True/False

Because transfer of value is essential to a valid contract,contracts cannot arise in the performance of personal services.

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Definitions:

Internationalized

The process of designing products, services, or operations to facilitate operation or distribution in multiple countries.

Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues over a specified period.

Trade Balance

The gap between a nation's foreign sales and purchases, encompassing both goods and services.

Net Capital Outflow

The difference between a country's total exports of capital and total imports of capital during a specific time period.