Which of the Following Is False Regarding Written Contracts

question 65

Multiple Choice

Which of the following is false regarding written contracts?

• A) Disputes are easier to settle when contractual terms are solidified in writing.
• B) The moment of writing allows both parties to reconsider terms and ensure what they desire.
• C) In general, written contracts aid in the conduct of smooth business contracts.
• D) The idea of requiring a writing comes from an English law.
• E) All contracts must be in writing in order to be enforced.

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Definitions:

Tennessee Valley Authority

a U.S. government agency established in 1933 to address a wide range of environmental, economic, and technological issues in the Tennessee Valley region.

Government Owned

Entities or assets that are owned, controlled, or operated by the government or a public authority.

Peak Efficiency

Peak efficiency is the maximum operational effectiveness where a process or system operates at its highest level of productivity with minimal waste.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in the quantity of output produced.