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:

Time Horizon

The length of time over which an investment, project, or strategic plan is intended to unfold and achieve its goals.

Numerical Estimate

A quantitative assessment or approximation of a figure related to a specific topic or project.

HR Surplus

The situation where an organization has more employees than needed to effectively accomplish its goals, leading to potential restructuring or downsizing.

Human Capital

The economic value of the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their contribution to the organization.