An Agreement That Does Not Specify the Time for Performance

question 16

True/False

An agreement that does not specify the time for performance is not binding because it is too indefinite.

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Definitions:

Transparency

The practice of being open, honest, and straightforward about various activities or operations, especially in a business context.

Informed Consent

The process through which an individual is provided with sufficient information regarding a medical treatment or experiment to make a knowledgeable decision to participate.

Marketing Ethics

Principles and standards that guide behavior in the world of marketing, ensuring fairness and honesty.

Likely Consequences

Probable outcomes or results that can be expected from a certain action or decision.