All Collateral Promises Must Be in Writing to Be Enforceable

question 46

True/False

All collateral promises must be in writing to be enforceable.​

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 which prohibits monopolistic practices and promotes competition.

Identifying

The act of recognizing or establishing the identity of a person or thing.

The Courts

The judicial institutions responsible for interpreting the law, delivering justice, and resolving disputes.

Horizontal Mergers

The combination of two or more firms operating at the same level in an industry.