Unused Capital Losses in Any One Year Carry Forward Indefinitely

question 97

True/False

Unused capital losses in any one year carry forward indefinitely to offset any future short-term or long-term gains.

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Definitions:

Statute Of Frauds

A legal doctrine requiring certain types of contracts to be written and signed in order to be enforceable.

Partial Performance

An exception to the statute of frauds in which the performance of portions of an unwritten agreement by one or both parties can constitute proof that an oral contract exists between the parties.

Counteroffer

A counteroffer is an offer made in response to another, rejecting the initial offer and proposing new terms for an agreement.

Acceptance

In contract law, it's the expression of agreement to the terms of an offer, which then creates a legally binding contract.