A Contract May Have to Be in Writing to Be

question 33

True/False

A contract may have to be in writing to be enforceable even if its performance is possible within a year.

---

Definitions:

Exchange Rate Fluctuations

Variability in the value of one currency compared to another, affecting the cost of importing and exporting goods and services.

Regulatory Requirements

Rules and standards set by governmental or authoritative bodies that organizations must follow in their operations.

Public Sector Organizations

Entities that are part of the government structure, providing services to the public and funded by taxes.

Acquisition Process

The set of procedures involved in acquiring goods, services, or companies, including negotiation, purchase, and integration.