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A Bailment Must Be in Writing to Be Valid

question 24

True/False

A bailment must be in writing to be valid.

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Definitions:

Productive Activity

Actions or processes that result in the creation of goods or services which have economic value.

Manufacturing Sector

The segment of the economy that is engaged in the transformation of raw materials into finished products or goods.

Xenophobia

The fear and hatred of foreigners.

Cultural Relativism

A concept that suggests the values, knowledge, and behavior of people should be understood based on their own cultural context rather than judged against the criteria of another culture.

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