A Contract Is a Single Promise, Made by One Person

question 170

True/False

A contract is a single promise, made by one person to another, enforceable in court.

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Definitions:

Competing Products

Products that are in direct competition with each other in the market, targeting the same customer segment and satisfying the same needs.

Clients and Customers

Individuals or entities that purchase products or services from a business, playing a crucial role in the company's success.

Organization Culture

The shared values, beliefs, and norms that influence the behavior and practices of individuals within an organization.

Basic Values

Fundamental beliefs or principles that guide an individual's or group's behavior and decision-making.