Which of the Following Contracts Requires a Written Contract to Be

question 74

Multiple Choice

Which of the following contracts requires a written contract to be enforceable?

• A) Jon rents a luxury yacht for a month at a cost of $10,000
• B) Lindsay borrows $5,000 from Robert to buy a car
• C) Stanley's pit bull has just had a litter and he agrees to sell you a puppy for $500 when the pups are weaned from their mother
• D) Philip agrees to paint your house for $500

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Definitions:

Delegation

The process of assigning responsibility and authority to someone else to carry out specific activities, while the person delegating retains overall responsibility for the outcome.

Management Techniques

Methods and strategies used by leaders and managers to increase efficiency, effectiveness, and to achieve organizational goals.

Takeoff Stage

A phase in economic development or in the growth of a business when rapid growth is initiated, often following a period of investment or innovation.

Single Department

Refers to a unit or division within an organization that focuses on a specific area of operation or function.