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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.


Definitions:

Crowdfunding

A fundraising strategy where a project or business is supported by collecting small contributions from many individuals, often through an online platform.

Crowdfunding Campaign

A fundraising initiative where individuals or organizations raise money for projects, causes, or businesses from a large number of people, typically via the internet.

Manufacturing

The process of producing goods using labor, machinery, tools, and chemical or biological processing or formulation.

Kickstarter

An online crowdfunding platform allowing people to solicit funds for an idea, project, or invention from a large audience of individual backers.

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