In the Presence of Several Witnesses,A Verbally Agreed to Purchase

question 5

True/False

In the presence of several witnesses,A verbally agreed to purchase B's farm for $175,000.The next day,B changed his mind,and refused to sell the farm to
A.On the strength of the verbal agreement of purchase and sale made in the presence of witnesses,A sued B for breach of contract and for a decree of specific performance to compel B to sell him the farm.The verbal agreement is unenforceable.

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Record-keeping

The practice of maintaining and preserving documents, files, and information for future reference or compliance purposes.

Decision Processes

The mental and logical steps taken by individuals or organizations in making choices among various alternatives.

Not-for-Profit Organizations

Organizations that operate for purposes other than generating profit for owners or shareholders, focusing instead on furthering a social cause or shared goal.

Tax Code

The system of laws and regulations governing the assessment and collection of taxes.