Which of the following statements regarding written contencts incotect? Putting contractual terms in writing acts to provide each party an opportunity to reconsider the terms and ensure that entering Into the contract as stated is what he, she or it desires. Written contracts inevitably slow down the contractual formation process. It could make it easier to settle a dispute if parties' contractual agreement is reduced to writing. Contracts "in writing" are more enforceable than oral contracts. Both "Written contracts inevitably slow down the contractual formation process" and "Contracts 'in writing' are more enforceable than oral contracts

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Which of the follawing statements regarding written contracts n ncortect
Putting contractual terms In writing acts to provide each party an opportunity to
reconsider the terms and ensure that entering into the contract as stated is what
he, she or it desires.
Written contracts inevitably slow down the contractual formation process.
It could make it easier to settle a dispute if parties' contractual agreement is
reduced to writing.
Contracts "in writing" are more enforceable than oral contracts.
O Both "Written contracts inevitably slow down the contractual formation
process" and "Contracts 'in writing' are more enforceable than oral contracts."
Transcribed Image Text:Which of the follawing statements regarding written contracts n ncortect Putting contractual terms In writing acts to provide each party an opportunity to reconsider the terms and ensure that entering into the contract as stated is what he, she or it desires. Written contracts inevitably slow down the contractual formation process. It could make it easier to settle a dispute if parties' contractual agreement is reduced to writing. Contracts "in writing" are more enforceable than oral contracts. O Both "Written contracts inevitably slow down the contractual formation process" and "Contracts 'in writing' are more enforceable than oral contracts."
Which of the following contractn fall within the statute of frauds?
O Any contract that requires a co-maker or a co-signer
OAny contract involving real property
Any contract for a loan over $5,000 that includes a repayment term of more
than one year
OA contract to marry
None of the above
Transcribed Image Text:Which of the following contractn fall within the statute of frauds? O Any contract that requires a co-maker or a co-signer OAny contract involving real property Any contract for a loan over $5,000 that includes a repayment term of more than one year OA contract to marry None of the above
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Negotiating strategy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education