Under the Common Law, a Written Contract Must Be Signed

question 34

True/False

Under the common law, a written contract must be signed by the party against whom enforcement is sought.

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Definitions:

New Venture Creation

The process of conceiving, developing, and launching a new business entity, typically characterized by innovation and risk.

Management Team

A group of individuals responsible for overseeing the daily operations of a business and executing its strategy.

Spontaneous Collaboration

The unplanned coming together of individuals or groups to work on a project or solve a problem collectively.

Price-Cutting

A strategy where businesses reduce the price of their goods or services to attract more customers or undercut competitors.