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.

Identify the impact of corporate culture on organizational performance and strategic direction.

Understand the concept of stability strategies and their application in maintaining business operations.

Recognize the importance of strategic HR practices in supporting organizational growth and performance.

Identify the role and impact of organizational design in implementing business strategies.

---

Definitions:

Without Recourse

A legal term indicating that the holder of a financial instrument cannot demand payment from the original issuer in the case of default.

Transfer

The act of moving or conveying property, rights, or obligations from one entity or person to another.

Forged Signature

A signature that is fraudulently copied or imitated without the authorization of the person whose signature it purports to be, often intended to deceive or commit fraud.