An Agreement to Purchase $499 Worth of Land Does Not

question 59

True/False

An agreement to purchase $499 worth of land does not have to be in writing to be enforceable.

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Definitions:

Public Enterprises

Government-owned organizations that operate in the commercial sector, intending to provide public services or generate revenue.

Core Inflation Rate

Inflation rate of an economy after energy and food prices are removed.

Energy And Food Prices

The costs associated with purchasing fuel, electricity, and edible items, which can significantly impact economic and living conditions.

Deflation

Opposite of inflation, occurs when prices continue to fall.