A Web Contract Is Enforceable Only If It Meets the Requirements

question 1

True/False

A web contract is enforceable only if it meets the requirements of a traditional contract.

---

Definitions:

Total Income

The sum of all revenue and gains a company or individual earns within a specific period, including sales, interest, and dividends.

Net Cash Flows

The difference between a company's cash inflows and outflows over a specific period.

Payback Period

The period of time required for an investment to generate cash flows sufficient to recover its initial cost.

Factory Overhead

All indirect costs associated with the manufacturing process, excluding direct materials and direct labor costs.