Umi enters into an agreement with Sheng to sell her farm to him. They shake hands to "seal the deal," but do not put the agreement in writing. The contract is:

A. valid.
B. unenforceable.
C. bilateral.
D. voidable but enforceable.


Answer: B

Business

You might also like to view...

According to the systems model of change, which of the following is not an input?

A. the organization's mission statement B. the organization's vision statement C. the organization's products or services D. the organization's strategic plan E. an analysis of the organization's readiness for change

Business

Which researcher(s) conceptualized motivation from the perspective of the expectancy theory of motivation?

A. Kotter and Bennis B. Vroom C. Hersey and Blanchard D. House

Business

Which of the following is NOT an example of economic capital?

A) a delivery truck used by Federal Express B) a desk in a classroom C) a bond issued by IBM D) an electric plant used by a local utility to generate electricity E) all of the above

Business

Which of the following is NOT a function of the board of directors?

A) determining how top executives should be compensated B) monitoring the performance of the company C) answering to shareholders of the company D) day-to-day running of the company

Business