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The World of Commerce Requires That the Intention to Create

question 22

True/False

The world of commerce requires that the intention to create a legal relationship be proven before any contract can be found to exist between the parties.


Definitions:

Potential Venture

A business idea or project that has the possibility of being developed into a successful commercial enterprise.

Vague

Describing something that is unclear, undefined, or not precise in meaning or details.

Venture Capital Funds

Pools of capital that are allocated to invest in high-growth potential startups and emerging companies.

General Partners

Individuals who participate in the management of a partnership and have unlimited personal liability for the debts and obligations of the partnership.

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