Whether a Contract with an Unlicensed Professional Is Enforceable Depends

question 13

True/False

Whether a contract with an unlicensed professional is enforceable depends on the purpose of the statute that requires the license.

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Definitions:

Sustainable Competitive Advantages

Refers to the unique attributes or qualities that a company possesses which allow it to outperform its competitors over a long period.

Profitability Ratios

Financial metrics used to evaluate a company's ability to generate earnings as compared to its expenses and other relevant costs.

Strategy Development

Strategy development involves formulating plans and policies to achieve major business goals and objectives, taking into consideration the resources available and the external environment.

Resource-Based View

A framework for understanding competitive advantage that emphasizes the strategic value of a firm's resources and capabilities.