If a Contract Is Not Evidenced in Writing This Does

question 105

True/False

If a contract is not evidenced in writing this does not make it void, only unenforceable.

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Definitions:

Financial Budgets

Comprehensive financial plans that outline an organization's financial and operational goals.

Anticipated Sales

The expected volume of sales based on market research, historical data, and analysis, often used for planning and forecasting purposes.

Expenses

Expenses are the costs incurred during the operation of a business or the execution of a project, including but not limited to materials, labor, and overhead costs.

Standard Operating Procedures

Detailed, written instructions designed to achieve uniformity in the performance of a specific function or operation within an organization.