In Some States, an Otherwise Unenforceable Oral Contract May Be

question 52

True/False

In some states, an otherwise unenforceable oral contract may be enforced under the doctrine of promissory estoppel.​

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Definitions:

Business Income

This refers to the earnings or revenue generated from the business's operations, after subtracting the costs and expenses associated with producing and selling the business's goods or services.

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.

Total Independence

A state or condition where an entity operates without any external control or influence.

Franchise

A contractual license to operate an individually owned business as part of a larger chain.