Crowd Funding Is a Process in Which Entrepreneurs Tap Their

question 117

True/False

Crowd funding is a process in which entrepreneurs tap their personal savings and use creative, low-cost start-up methods to launch their businesses.

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Definitions:

Parol Evidence Rule

A rule in contract law that prevents parties from presenting evidence of prior or contemporaneous agreements that would contradict the terms of a written contract.

Ambiguous Terms

Words or phrases in a contract or agreement that are unclear and open to more than one interpretation.

Admission

A statement acknowledging the truth of something, often used in a legal context to refer to an acknowledgment of facts or responsibility.

Statute of Frauds

is a legal principle that requires certain contracts to be in writing and signed by the party to be charged, in order to be enforceable.