A Cooperative Consists of a Group of Two (2)or More

question 1

True/False

A cooperative consists of a group of two (2)or more independent persons or enterprises that cooperate for a common objective or function.

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Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties to be enforceable.

Attached to Land

Refers to something that is physically or legally connected to a piece of land, such as a building or a fixture, which becomes part of the real property.

Admission Exception

A principle in evidence law that allows certain statements that would normally be considered hearsay to be admissible as evidence in court.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.