If a Time for Performance Is Not Stated in the Contract

question 18

True/False

If a time for performance is not stated in the contract, then the contract must be performed immediately.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Profit

The financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.

Positive Profits

When a company's total revenue exceeds its total costs, resulting in a financial gain.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified time period.