Sabin and Tyler Agree While Talking on the Phone to Form

question 42

Multiple Choice

Sabin and Tyler agree while talking on the phone to form a partner?ship. Their partnership agreement is legally binding

• A) only if a third person knows of the agreement.
• B) only if the agreement is reduced to writing.
• C) only if the parties exchange valid consideration.
• D) without more.

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Definitions:

Emigrants

Emigrants are individuals who leave their country of origin to live permanently in another country, contributing to population and labor force changes.

Capital Flight

The rapid movement of large sums of money or capital out of a country due to economic or political instability.

World Bank

A global financial organization that offers loans and grants to less wealthy nations' governments to support infrastructure projects.

Low-Income Countries

Nations with a low gross national income per capita, often characterized by high levels of poverty and limited economic development.