Any Contract Entered into with an Unlicensed Party Is Unenforceable

question 52

True/False

Any contract entered into with an unlicensed party is unenforceable.

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Definitions:

Federal Income Taxes

Taxes levied by the U.S. federal government on the annual incomes of individuals, corporations, trusts, and other legal entities.

Personal Income

The total annual income earned by an individual from all sources before taxes.

Several Liability

A legal principle where each party is only responsible for their own obligations, not the others'.

Individual Liability

Refers to the personal legal responsibility of an individual for actions or omissions that may result in harm or damages.