Contracts That Cannot Be Performed Within __________ Are Unenforceable Unless

question 19

Multiple Choice

Contracts that cannot be performed within __________ are unenforceable unless they are in writing.

• A)one month
• B)six months
• C)one year
• D)two years

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Definitions:

Consumers

Consumers are individuals or organizations that acquire goods and services for private purposes.

Price Control

Regulatory measures by which a government intervenes in the market to adjust prices, typically to protect consumers or producers.

Price Ceiling

A maximum price set by the government for certain goods to ensure they remain affordable to the general public.

Shortage

A shortage occurs when the demand for a good or service exceeds its supply in a given market, often leading to price increases.