A Contract Involving Property of Any Kind Must Be in Writing

question 1

True/False

A contract involving property of any kind must be in writing to be enforceable.

---

Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Costs Of Production

The total expenses incurred in manufacturing a product or delivering a service.

Venture Capital Funds

Pools of capital that are used to invest in high-growth, high-potential startup companies in exchange for equity stakes.