In the Event of a Dispute Involving an Oral Agreement

question 9

Essay

In the event of a dispute involving an oral agreement for the sum of $500, that was entered into for a period of one year , how would the parties establish exactly what was agreed to between them?

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Definitions:

Sales Mix

The relative distribution of sales among a company’s various products. Also referred to as product mix.

Sales

The revenue generated from selling goods or services over a specific period of time.

Products

Goods or services offered by a business to consumers, often resulting from a manufacturing or production process.

Revenues

The total amount of money received by a company for goods sold or services provided during a certain time period.