In the Absence of a Statute Requiring a Writing, a Contract

question 49

True/False

In the absence of a statute requiring a writing, a contract may be oral or written.

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Definitions:

Weber

Refers to Max Weber, a German sociologist, economist, and political scientist known for his theory on the process of rationalization and his analysis of bureaucracy and social stratification.

Social Stratification

The division of society into hierarchical levels based on factors like wealth, power, and status, leading to unequal access to resources and opportunities.

Inequality

The unequal distribution of resources, opportunities, rights, and powers within a society.

Social Policies

Strategic plans and actions implemented by governments to address and manage social issues, such as poverty, education, and healthcare.